A significant number of Americans have given up on going on vacation this summer due to the high cost of living, according to an exclusive poll for Newsweek.

Forty-four percent of respondents to a survey conducted by Redfield & Wilton Strategies on behalf of Newsweek between June 27 and 28 said they won’t be traveling anywhere in the next three months, with a majority of 53 percent saying they would have gone on vacation had the cost of living been cheaper. The survey was run among 2,500 eligible U.S. voters.

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Among those who said they intend to travel abroad (17 percent), domestically (29 percent) or both (10 percent), a majority of 64 percent said their plans had been affected by…