Summertime rouses our desire to hit the road (or the airport) and travel. Here are a few things you’ll want to consider before you take off.
Employment Issues for Airlines: Airlines have canceled hundreds of flights due to staffing issues, part of an industry-wide work shortage. If you intend to fly this summer, plan for delays, cancellations, and other complications.1
High Gas Prices: The national average for gasoline prices hit $3.09 per gallon in June. As the summer months continue and hurricane season approaches, even higher prices are expected.2
The Delta Variant: While vaccination events are plentiful, the COVID-19 vaccines are not yet available to children under 12. While the Centers for Disease Control has relaxed mask-wearing guidelines, many Americans still take precautions due to the delta variant, gaining prominence among the COVID-19 cases in the United States. Families with children will likely want to weigh these risks if they plan to travel.3,4
This summer presents new travel challenges, as well as a few returning complications. Some hit the pocketbook, and others hit closer to home. Whether you elect to travel or take a “staycation” this year, relax with the assurance that we’re looking after you and your family on the financial front.
1. CNBC.com, June 20, 2021
2. APNews.com, June 28, 2021
3. MarketWatch.com, June 29, 2021
4. ABCNews.go.com, June 18, 2021
The content is developed from sources believed to be providing accurate information. The information in this material is not intended as tax or legal advice. Please consult legal or tax professionals for specific information regarding your individual situation. This material was developed and produced by FMG Suite to provide information on a topic that may be of interest. FMG Suite, LLC, is not affiliated with the named representative, broker-dealer, state- or SEC-registered investment advisory firm. The opinions expressed and material provided are for general information and should not be considered a solicitation for the purchase or sale of any security.
Thinking About Summer Travel Plans
May 23, 2022