4.30.20 What to do about Summer vacation; Private business safety rules; Market-timing Millennials; Air travel is on the rise

The Clark Howard Podcast

Clark Howard

Entrepreneurship, Business, Investing

4.6 • 5.2K Ratings

🗓️ 30 April 2020

⏱️ 43 minutes

🔗️ Recording | iTunes | RSS

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Summary

Should you still go on Summer vacation? That's the question on a lot of people's minds. Clark talks about how you should think about your upcoming Summer travel. Costco is making all customers wear face masks if they want to shop in the store. This is making some customers upset. But we're going to have to get used to more and more safety rules being implemented by private businesses. Some people are trying to time the market right now and are getting burned - in particular by sectors they don't understand very well before they start investing cash. People are starting to hop back on airplanes. Clark discusses what he thinks a resurgence of air travel should look like. If you enjoyed this episode of the Clark Howard Show please hit the subscribe button. And also consider leaving a review on Apple Podcasts - it helps others see the value that this show is providing. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Thanks for taking time out of your day to join us here on the Clark Howard Show where it's
0:11.0	all about you and that while it yours I want you to have strategies to have ideas where
0:17.6	you can hold on to every dollar you've got and that's what we're doing here on our show
0:22.8	and that's what we're doing at Clark.com and ClarkDeals.com.
0:28.9	We are in a situation now where we have 30 million plus Americans unemployed.
0:36.4	It's a hideous number and the one hopeful thing is it's not going to stay ugly for an extremely
0:44.7	long period of time but it's brutal if you're experiencing it.
0:49.0	At the same time there are the overwhelming majority of people who are still working,
0:56.4	who still have their jobs somewhere around probably 82, 83% of people and many of those
1:04.3	jobs are more or less secure.
1:08.9	This is going to sound weird but people are starting to ask me about what do they do
1:13.6	for summer vacation because we're just weeks away from when a lot of kids will be out
1:19.5	of school and people are going to want to get out and about.
1:24.5	We've got itchy feet after being locked up, particularly if they have kids they've been
1:30.0	locked up for a long, long time with kids being at home and people are going to want to get
1:36.8	away.
1:37.8	As a practical matter how people get away this summer is going to be very, very different.
1:45.1	One of the businesses in the United States that's been devastated is Airbnb but I believe
1:52.3	a lot of Airbnb properties in the US are going to have a strong comeback in the later
2:00.2	half of May and through August and the reason is a lot of people are going to want to go
2:08.4	on a vacation.
2:10.2	They're going to want to drive and not fly.
	...

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