Half of Americans plan to take summer vacations with 19% planning to charge it on cards.

(From The Asian Banker Journal)

Five out of ten Americans plan to take a summer vacation this year involving travel of at least 75 miles from their homes. That's up 4 percentage points from 2003 when 46% took vacations. Only 19% of vacationing Americans are going to pay for the trip on their credit cards, down from 23% who did so last year, according to the Cambridge Consumer Credit Index. 74% of vacationers plan to pay for the trip from checking or savings accounts, up 6 points from 68% in 2003. Differences in wealth make a major difference in vacation plans, as 70% of those earning incomes over $75,000 will vacation (up from 67% last year), while only 39% of those …