How will economy affect vacations?

NEW YORK -- The uncertain economy might lead some Americans to cut back on vacations, according to a survey.

Fifty-five percent of those polled said they would "cut back on discretionary expenses like eating out and vacations," according to the GfK Roper Reports' random telephone survey of 1,005 adults conducted in February.

The survey also found that consumer confidence is extremely low right now, with only 10 percent saying it's a "good time to buy" the things they want and need, while 44 percent said it's a good time to wait. This is the lowest level of confidence recorded in this periodic survey since September 2001.

An earlier survey from GfK Roper Reports on 2007 vacation trends found that longer vacations increased slightly in popularity last year.

The survey found 25 percent of travelers preferred taking one long vacation in 2007 over several shorter trips, up from 21 percent in 2005.