Personal Finance
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NO WAY VACAY

Almost a quarter of American employees haven’t taken a single vacation day in the past year, survey finds

But just how many hours are Americans working?

Millie Giles

With summer now well and truly over for most, some of us might be starting to feel like it’s been ages since we were on vacation.

For a considerable share of Americans, though, it really has been a while.

The grind bind

A new survey from FlexJobs asked over 3,000 US workers about their paid time off, and found that, while most employees (82%) are offered vacation leave — a luxury not guaranteed in the only advanced economy without a minimum PTO mandate — almost a quarter (23%) said they hadn’t taken a single vacation day over the past year.

According to the study, a major concern for employees was falling behind on their workload — with 43% saying they simply had too much to do. But is America really on the grind much more than other countries?

Zooming out to a global scale, data from the Organisation for Economic Co-operation and Development (OECD) shows that US employees do work relatively hard compared with other member nations of the economic group, notching 1,796 hours worked per person last year — about 59 hours longer than average calculated across 36 OECD members. However, no country racked up as many hours worked as America’s southern neighbor, Mexico.

OECD countries hours worked
Sherwood News

Though the US was one of only 10 nations that worked more than the OECD average, Mexico and Costa Rica racked up over 2,000 hours worked per person in 2024, equating to roughly 42 additional days of work per year above the mean, assuming a 10-hour workday.

At the other end of the spectrum were the usual suspects in these global labor force studies: workers in Germany did ~405 hours less work than the OECD average, closely followed by Scandi nations Norway, Denmark, and Sweden.

So, why do Americans refuse to take vacation days? Maybe, as Gallup has mentioned, AI-enhanced work practices are allowing employees to get in a few holiday-mode hours while they’re still on the clock. But the larger factor is probably just good old-fashioned “vacation guilt.”

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200M
Rani Molla

Amazon Prime now has 200 million shoppers in the US, up 6% from last year, according to new data from Consumer Intelligence Research Partners. However, that doesn’t mean there are 200 million Prime subscriptions — which go for $139 a year — since multiple people in a household can share the same membership. Amazon recently added free same-day grocery delivery for many Prime subscribers, in hopes of getting more Americans to fork over that annual fee.

Windup man

Long-term unemployment in the US has risen to a postpandemic high

The number of Americans who’ve been unemployed for over 27 weeks hit 1.9 million in August.

$17B
Rani Molla

Elon Musk’s $1 billion purchase of Tesla shares sent the stock soaring this morning — along with his personal wealth. Bloomberg’s Matt Levine calculated that the share price rise thanks to Musk’s purchase was enough to raise the total value of his stock by $17 billion.

However, as Levine also pointed out, it’s not as if Musk will realize that gain any time soon:

If you could spend $1 billion to make yourself $17 billion richer, and then cash out that $17 billion, that would be an amazing trade and you should do it all day long. But in practice, if buying $1 billion of stock makes your stock go up by $17 billion, then selling that $17 billion of stock will make your stock go down by much more.

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