5 ways to maximize your vacation days

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Workers tend to leave paid time off, like vacation days, on the table each year. Those unused days may not roll over to next year; you may also not get a financial benefit by forgoing them. There are ways to take vacation time more efficiently and maximize the quality of the days off, experts said. D3sign | Moment | Getty Images

Americans aren’t good at taking vacation.

About 62% of workers say having a job with paid time off — for vacations or illness — is “extremely important” to them, more so than benefits like health insurance, a 401(k) plan or paid parental leave, according to a Pew Research Center report from 2023. However, 46% don’t use all the time off made available to them, Pew found.

“If you never take vacation or have time off, you’re not honoring how humans were created and what we need to stay refreshed,” said Elizabeth Grace Saunders, a time management coach. “We’re biological human beings. We’re not machines.”

The number of vacation days workers typically get depends on a variety of factors, like company tenure, income and industry.

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For example, on average, private sector employers offer 11 vacation days after one year of service; 15 days after five years; 18 days after 10 years; and 20 days after 20 years, according to 2023 data from the U.S. Bureau of Labor Statistics.

However, 32% of employees say their unused vacation days don’t roll over to the next year, while 28% don’t get paid for unused days, according to a 2022 poll by Qualtrics.

What’s more, the U.S. is the only developed nation that doesn’t require that workers get paid vacation, according to a 2019 report from the Center for Economic and Policy Research.

About 21% of Americans who work in the private sector don’t get paid vacation, and 20% do not get paid holidays, according to the BLS.

Those who work in service jobs, earn lower wages, have part-time or non-union roles or work at smaller companies are much less likely to get them, agency data shows.

Here’s how you can maximize

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The full article is available here. This article was published at CNBC Finance.