Many US holidaymakers are staying at home in an effort to save money during the current economic climate, according to a report by USA Today.

The news provider cites several consumers whose plans to travel overseas have been hampered by rising costs and high levels of debt.

Diana Koziupa, a psychiatrist from Pennsylvania, said she and her husband used to fly to Europe three or four times a year.

However, larger air fares have prevented them from taking their usual trips this year and instead the couple went to Oregon to enjoy a summer vacation.

Business trips are also taking a hit, with firms sending their employees to fewer overseas meetings to cut costs.

"Europe is totally out of the question for leisure and a remote possibility for business," said Ms Koziupa.

A number of debt-addled consumers are even cutting down on healthcare spending and visiting their doctors less as they try to rein in their spending, according to a recent survey by the National Association of Insurance Commissioners cited by the Wall Street Journal.

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