90Percentage of high-earners in the U.S. who get paid vacation.
Even Germany under the Third Reich and Italy under Mussolini instituted paid vacation:
That’s why I was surprised to read this week that suggested that an indifference to—or perhaps even fear of—taking vacation isn't just limited to that one employee at that one company. According to the report, put out by the U.S. Travel Association, four in 10 American workers allow some of their paid vacation days to go unused and expire—even though 96 percent of workers claim to see the virtue in taking time off. , from 2013, found that workers were letting an average of 3.2 vacation days expire, unused.
A friend recently told me about an automatic email reply she had received from a colleague. It began innocuously enough—“I will be out of the office next Monday and Tuesday"—but it grew more alarming as it went on. “Because I have accumulated too many days of paid vacation," it said, "I have scheduled a trip to Chicago for the weekend in order to use some of them.” (I’ve changed some details here to protect identities.)
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Nothing like the middle of summer to get you thinking about all the ways you're going to use those remaining vacation days. But, if the overall trend in the country is any indicator, you'll probably let those paid days off go to waste.These unused days cost the U.S. economy $223 billion in total economic impact and 1.6 million jobs. There are significant costs to American workers as well. U.S. workers forfeited 222 million of the 658 million unused vacation days. These days cannot be rolled over, paid out, or banked for any other benefit—they are purely lost. This forgone time results in $61.4 billion in forfeited benefits annually. released on Tuesday by the U.S Travel Association's Project Time Off, 55% of Americans didn't take all their paid vacation in 2015. This represents a 13% increase from the previous year. By giving up this time off, Americans are effectively volunteering hundreds of millions of days of free work for their employers. This resulted in $61.4 billion in forfeited benefits.Employers know that their employees need a break once in a while. That's why companies offer paid time off (PTO) in the form of vacation days, holidays, personal leave, and sick leave. Some employers' plans offer a specific amount of days for each form of PTO, while others, particularly in the healthcare and financial industries, provide one set amount of paid days off that can be used for various reasons at the employee's discretion.