SIMSBURY, Conn.--(BUSINESS WIRE)--More than half of U.S. workers plan to use all of their paid time-off

but are cutting back on vacation spending, according to research by The

Hartford Financial Services Group, Inc. (NYSE: HIG). The Hartford's

Second Annual Time-off Survey also found that less than half of

Americans are financially prepared to deal with a loss of income due to

unplanned absences.

The national survey found that 56 percent of U.S. workers plan to use

all of their time off from work, an increase of 8 percent over last

year's survey results. But, when asked what they were most likely to

postpone given the state of the economy, two-thirds (67 percent) of

survey participants said their vacation.

"Employees said they value the paid time-off that they receive from

their employers, but they continue to be worried about their income and

expenses. And as a result, they plan to cut back on vacation spending.

This could be the year of the so-called staycation," said Marjorie

Savage, absence management director in The Hartford's Group Benefits

Division. "We encourage workers to take steps to protect their physical

and financial health, such as taking time to relax, as well as

protecting their income. Income protection can provide peace of mind

that's even more important during these stressful economic times."

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