With the economy on its knees, many American families have had to forgo their annual holiday just to make ends meet.

But barely a month after returning from a luxury Christmas break in Hawaii Michelle Obama is on holiday again – this time at the exclusive Colorado ski resort of Aspen.

The Obamas are staying at the home of Jim and Paula Crown, owners of the Aspen Skiing Co. Last year the first lady gave a speech at their home, in front of about 150 supporters. Each paid between $1,000 and $10,000 to attend the joint fundraiser for the Democratic National Committee and President Obama’s 2012 presidential campaign.

The holiday is not the first time the first girls have been on skis.

Their first attempt came in Feb 2010 when she took the girls to Liberty Mountain Resort, in Carroll Valley, Pa. just is 60 minutes from the White House.

And last year Mrs Obama took Sasha and Malia to Vail and Beaver Creek last Presidents’ Day just days after the President tried to sell his cost-cutting budget to the American people by asking them to stay at home.

‘If you’re a family trying to cut back, you might skip going out to dinner, or you might put off a vacation,’ he said.

Once again while Mr Obama returned to the White House after a fundraising trip to West Coast, the rest of his family headed to Colorado – rather than visiting slopes closer to Washington in Virginia or Pennsylvania.

Their trip came despite previous criticisms over the family’s extravagant vacations, including a trip last summer to Martha’s Vineyeard where the family rented a farm estate for around $50,000 a week.

Mrs Obama also raised eyebrows when for the second year in a row she left earlier than her husband for their annual Christmas holiday in Hawaii, incurring additional expenses of an estimated $100,000. The 17 day holiday is estimated to have cost taxpayers $4 million.

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