I think we're looking at two separate issues. Terrorism fear may be affecting overseas travel to many places, and this latest foiled plot won't help in getting infrequent flyers to fly more, even domestically. Hawaii, for example, had been rebounding and benefiting from people not going abroad, but now that flying may take a hit, it could give some gains back a lot like it did after 9/11.

But I think the text of the OP has a lot more to do with private-sector pressures toward profits at the expense of "expendable" benefits like vacations. Too many U.S. employers see vacation as nothing more than an expense that they'll try to cut (easy to measure what it costs, hard to measure what not having it costs). Workplaces are deliberately understaffed, workloads are in constant crisis mode and people are made to constantly fear for their jobs. Perfect breeding ground for all kinds of false urgencies, when the real motivation is even further profit for the employer. End result for the employee: LIVING TO WORK, rather than working to live.

It affects even some pretty high income levels. A good place to start looking for proof there is in the growth of the storage-shed industry, where people get to put many of the "toys" they bought that they never had time for, that no longer fit in the house (crowded out by newer toys they also don't have time for), but that they can't bring themselves to give away because maybe that'd make them face some uncomfortable truths about that whole treadmill.