10 Things Disappearing From America

From pensions to paid vacations, these things won't be around forever

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10 Things Disappearing From America

Paid Vacations and Holidays

Vacation185 10 Things Disappearing From AmericaWhile paid holidays and vacations in the U.S. are far from completely vanishing, they’re on the decline, and America’s allotment looks paltry compared to the rest of the developed world.

Bureau of Labor Statistics data says 77% of Americans receive paid vacation days — that’s actually down from two decades ago, when that number stood at 80%. That number is especially weighed down by full-time workers at small businesses (100 workers or fewer), where 69% receive paid vacation, and the nation’s private part-time workers, only 35% of which receive any sort of paid vacation.

The Center for Economic Policy and Research points out that “The United States is the only advanced economy in the world that does not guarantee its workers paid vacation.” While American workers on average do receive 10 paid vacation days and 6 paid holidays, none of that is legally mandated. That compares poorly to most developed European nations and Australia, where a total of at least 20 days of paid holidays and vacation are required.

Moreover, the U.S. is the only country among 34 Organisation for Economic Co-operation and Development members that doesn’t mandate paid maternity leave, putting us behind countries such as Malta, New Zealand and Greece.


Article printed from InvestorPlace Media, http://investorplace.com/2013/11/10-things-disappearing-america/.

©2014 InvestorPlace Media, LLC

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