Mother and father Taking up Debt to Take Children to Disney Parks: Report

[ad_1]

The Happiest Place on Earth is way from the most cost effective when on the lookout for a household trip, however a brand new report from LendingTree discovered that households are going anyway — and breaking their budgets.

The report surveyed over 2,000 Disney parkgoers, and 24% cited they'd gone into some debt paying for the journey. That quantity jumps to 45% for folks who've kids beneath the age of 18.

LendingTree famous that the common quantity of debt mother and father with younger kids have taken on is $1,983 per household with concessions being the primary supply of overspending — 65% of respondents mentioned that meals and drinks contained in the parks value considerably greater than deliberate.

Associated: A Fifth Walt Disney World Theme Park Could Be Coming Soon — Here's What We Know

"Trying extra broadly on the 75% of theme park-going People who've been to Disney, 24% have gone into debt for not less than one journey," LendingTree wrote within the report. "That is up 33% from 18% in our 2022 survey. Of this 24%, 74% took on their debt up to now 5 years, with 29% doing so up to now yr."

In accordance with Walt Disney World's official website, a regular one-day ticket to the park for these aged 10 and up is at the moment $109.

The brand new report coincides with data released final week by FinanceBuzz, which discovered that concession costs at Disney World have elevated almost 60% in 10 years, together with the fan-favorite Dole Whip dessert which has gone up 58% within the final decade.

The Walt Disney Co. was up over 13% yr over yr as of Friday afternoon.

Associated: Disney World Concession Prices Have Gone Up 60% Over the Past Decade — Including Two Fan Favorite Sweet Treats That Have Skyrocketed in Price

Build SEO-Friendly Content Marketing Strategies Boost your business sales and marketing. Hire Expert Advertising Consultant https://news.classifiedsmarketing.com/parents-taking-on-debt-to-take-kids-to-disney-parks-report/?feed_id=13941&_unique_id=6670e98e6a646
Top rated Digital marketing. From $30 Business growth strategy Hello! I am Sam, a Facebook blueprint certified marketer. Expert in Facebook Ads, Instagram Ads, Google Ads, YouTube Ads, and SEO. I use SEMrush and other tools for data-driven research. I can build million-dollar marketing strategy for your business.
Learn more