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Euro passed $2.00, US Inflation at 35%, will you still go on holiday?

Euro passed $2.00, US Inflation at 35%, will you still go on holiday?

Mar 17th, 2008, 10:42 AM
Join Date: Jan 2003
Posts: 33,424
US inflation is at 35%?? Did you leave a decimal out of that? over what time period, right now it's around 4-5% per year (4.4% from Feb 07 to Feb 08 as per the CPI-U). Maybe I missed some recent news.

I don't think the euro will pass $2, there is a limit, but I'll admit I didn't think it would pass $1.50.

I don't believe those predictions, but actually, I would still be able to travel to Europe as I am working on salary and inflation would be figured into my annual increase (as it is for many people, and it is considered for Social Security payment raises, also). I don't spend that much on vacations, so I actually could spend 1/3 more and it wouldn't affect my annual disposible income that much, or even my savings. I know spending $1000 more over a year may be impossible for some people, but it wouldn't be any problem for me. I know lots of people who spend that in a couple months on car payments, for example, or just entertainment -- I don't have any car payments and don't spend a lot going out (travel is entertainment for me). Seriously, I know some young people with maybe 1/3 the income I have who spend $500 a month on entertainment or dining out.

I'm trying to think what the exchange rate would have to be for me to consider not going -- I don't know, I suppose $4 or more.
Christina is online now  
Mar 17th, 2008, 10:49 AM
Join Date: Aug 2005
Posts: 483
Isn't this like asking how high the price of gas has to get before you stop buying it? Or an SUV? Or a Hummer?
oliverandharry is offline  
Mar 17th, 2008, 10:53 AM
Join Date: Nov 2003
Posts: 1,469
I've spent most of my travel dollars the last couple of years in Asia.In May I will visit Egypt,Jordan and Palestine.When things improve for the dollar,then I'll return to my beloved Rome,until then,there's still...South America,Mexico,Southeast Asia(again,)India(again,)lots of wonderful places...hmm,maybe sub-Saharan Africa?
massagediva is offline  
Mar 17th, 2008, 11:00 AM
Original Poster
Join Date: Feb 2005
Posts: 9,017
>like asking how high the price of gas has to get
Yes, close, but what if it is almost everything going up by 35% per year.
logos999 is offline  
Mar 17th, 2008, 12:42 PM
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Since I bought a house there 17 years ago and parked a lot of $$$ over in my French bank when the euro was worth about 85 cents, yes.

Had I not done that, I think at this point I might be looking at other destinations, at least for awhile. I don't like to travel exclusively to Europe, anyway. My latest emphasis is Africa. But I'll be spending several weeks in France this summer.
StCirq is online now  
Mar 17th, 2008, 02:00 PM
Join Date: Aug 2004
Posts: 4,276
parked a lot of $$$ over in my French bank

how crass.
walkinaround is offline  
Mar 17th, 2008, 02:22 PM
Join Date: Jul 2006
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Totally Agree. And I would add gauche. But that's exactly what you can expect from that poster, no? One thing is for sure, you can't mistake her for being anything other than American!
Girlspytravel is offline  
Mar 17th, 2008, 02:34 PM
Join Date: Oct 2004
Posts: 23
Europe - very poor value for travel dollar (or euro,yen,yuan..) right now. Won't be going back until things change (things always do).
melspring1 is offline  
Mar 17th, 2008, 04:08 PM
Join Date: Feb 2003
Posts: 397
We will still go periodically. Help me with this question and please no snide comments if it is stupid. I can't work this out in my head. Since both the dollar and the pound have taken a hit against the euro, does it make more sense to go to the UK rather than Italy or France or elsewhere in Europe now? Can anyone give me generalized information on how to make a comparison? Will a comparable hotel in the countryside of England versus the countryside of Italy cost me about the same in American dollars? PJK
PJK is offline  

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