If you knew how bad things were... or If you knew how bad things are [duplicate]

Which one is correct and why?

If you knew how bad things were, you would not go on vacation right now.

or

If you knew how bad things are, you would not go on vacation right now.

This is assuming that "things" are actually bad right now (that's not up for discussion).


Both are correct, were is more formal, both can be used to refer to the present