American Families Go Into Debt For Insane Reason
This is a strange phenomenon.
A new study has found that Americans families are now willingly going into debt just so they can visit Walt Disney World in Orlando, Florida.
According to Fox, financial website Lending Tree has found that 18% out of 1,500 people who were surveyed admitted to incurring debt just so they could take their loved ones to Walt Disney World. The survey also found that parents with children who were under 18 were most likely to take on new debt to visit the amusement park.
What’s worse is that prices to attend Disney World are at an all time high as well which is making matters worse for everyone. The average cost for a single-day ticket for both adults and children ages 10 and older was $141.74 and the prices are still increasing.
An in-depth analysis found that the cost of vacationing at Disney World for a family of four which is 2 adults and 2 children costed $5,731 in 2022. Thats about $287 per person per day.
LendingTree’s Matt Schulz explained, “A Disney trip can be an experience that you and your family remember for the rest of your lives, and those are the types of things people are willing to go into debt for.”
He later added, “You shouldn’t take on a debilitating amount of debt, and you shouldn’t do it very often. But if you need to take on a few months of debt to afford that once-in-a-lifetime Disney trip, it can be OK.”
