American Workers Forfeit $272 Billion Worth of Time Off

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American workers collectively leave $272 billion worth of vacation time on the table, according to a new study — and it’s a drag on worker productivity as well as companies’ balance sheets.

A new Project: Time Off report says that employees in the private sector left a total of 658 million vacation days on the table in 2015, and previous research the group has conducted found that 55 percent of employees leave behind at least some of their vacation allowance at the end of the year. A 2014 survey put the percentage even higher, at about three in four.

Experts say there are a few culprits for our vacation-avoiding tendencies, including our always-connected devotion to electronic devices, lingering job insecurity held over from the Great Recession, and managers not cultivating a corporate culture where taking time off is the norm.

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