Jim Laabs, a 72-year-old retiree, is grappling with increasing travel costs, impacting his once-planned snowbird lifestyle in California and Arizona. After a trial 28-day stay costing $5,000 in 2022, he and his partner reduced their 2023 stay to nine days for $3,100. This trend is echoed by many retirees, highlighted by an AARP survey indicating that while 70% of respondents aged 50 and older plan to travel, most do not expect to increase their spending due to financial constraints. Laabs acknowledges the challenges in managing their $7,000 annual travel budget amidst rising expenses.
Laabs and his partner, after retiring, budgeted around $7,000 for travel, yet rising costs have made it challenging to sustain their travel dreams.
Despite enjoying traveling during his career, Laabs now faces rising accommodation prices that force him to reconsider the feasibility of being a snowbird.
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