Only 44% of Americans are taking a vacation this summer, and the vast majority are not planning on going into debt over it. About two-thirds of those vacationing this summer (67%) are expecting to pay off their vacation in a month or less. Just 11% said that it will take four months or more. 

Reasons Americans don't use their vacations:

1.    Fear of returning to a mountain of work (40%)

2.    The belief that nobody else can do the job (35%)

3.    Inability to afford taking time off (33%)

4.    Fear of being seen as replaceable (22%)

5.    To show greater dedication to the company and the job (28%)

But this summer they have another 'Big Reason' for skipping their vacation.

6.    Money,  Debt,  Recession

According to a survey by CreditCards.com, a company that brings together customers and credit card issuers.

Additionally, about 8 in 10 Americans who plan to take a vacation this summer will pay for some of it with savings. 15% said they're financing their vacation with a credit card and 13% plan on using credit card rewards points or miles.

"Most Americans want nothing to do with debt these days," said Matt Schulz, CreditCards.com senior industry analyst. "With the Great Recession still fresh in their minds, people are watching their budgets more closely and making sure they're not overspending, even if it means scaling back on vacations -- or skipping them entirely. If they can't pay for the trip quickly, they just won't take it."

Schulz recommends reasonable budget plans for those who are not liking to go for a debt. He also suggests seeking out 0% balance transfer offers as well as negotiating lower interest rates on your current credit cards, if possible.

The Credit.com also highlighted some additional aspects:

Those aged 65 and older are the most likely to put a vacation on a credit card; millennials are by far the least likely.

Affluent households and college grads are the most likely to use credit card rewards points to pay for their summer vacations.

Midwesterners are the most frugal; 76% plan to pay off their summer vacation in a month or less.

Below is the information of the survey conducted by PSRAI.

The survey was conducted by Princeton Survey Research Associates International. PSRAI obtained telephone interviews with a nationally representative sample of 1,003 adults living in the continental United States. Interviews were conducted by landline (503) and cell phone (500, including 326 without a landline phone) in English and Spanish by Princeton Data Source from May 5-8, 2016. Statistical results are weighted to correct known demographic discrepancies. The margin of sampling error for the complete set of weighted data is plus or minus 3.6 percentage points.