Leisure spending during summer vacation: 68,000 yen per household, the level before the spread of infection

The amount of money spent on leisure activities during this summer vacation is about 68,000 yen per household due to the increase in the number of people going on trips, and the survey results show that the new corona will recover to the level before the spread of infection.

In late June, Meiji Yasuda Life conducted an online survey of people in their 20s to 50s nationwide, and received responses from more than 1,100 people.

According to this, when asked how much they would spend for leisure during summer vacation, the average per household was 68,632 yen.

This is about 15,000 yen higher than last year, which was the lowest ever, and has recovered to the same level as in 2019 before the spread of the infection.

In addition, 24.9% of the respondents answered that they plan to increase the amount of money they spend during the summer vacation, and many people are increasing their spending to go on trips and leisure.

On the other hand, 14.4% of the respondents answered that they plan to reduce the number, and more than half of them cited the reason that the household budget became difficult due to soaring prices.

Yuichi Kodama, Fellow Chief Economist at the Meiji Yasuda Research Institute, said, “The current recovery in consumption is the so-called revenge consumption in reaction to the coronavirus pandemic, and will gradually settle down after the summer. We can also see an expansion, so there is a risk that it will put a damper on the recovery of consumption.”

Source: https://www3.nhk.or.jp/news/html/20220801/k10013745191000.html