Disney Is the Happiest Place on Earth, if You Can Afford It

[LAX]

The title might be true for some, but there are plenty of places that make people "happier" and not cost much. Or, if people are willing to empty their flush bank accounts, there are plenty of places that would make them "happier" than Disney.

LAX

 

[Brian Noble]

I think there is a lot of truth to that statement

Maybe. I'm not sure the math maths. What do you suppose one's net worth has to be to get to the point that income does not matter? And how many households have that net worth?

For example: My employer's endowment spend policy is: 4.5% of the average balance over the past 28 quarters. Given the ordinary rate of return in the market, that's pretty close to (and a little less than) the "4% rule". So, for assets to replace an income stream of $X in a way that tracks inflation, you need assets of ~25 times $X.

In other words, if you want to generate $100,000/year---and that's pretty solidly middle class, not wealthy---you need an asset base of $2.5M. That puts you in the upper less-than-10%, and I suspect Disney's addressible market is larger than 10% of the US.

Where I believe the "asset class" does show up is in some of the upper-tier offerings: Club 33, the various park tours, hotel suites, etc.

 

[DCLMP]

Maybe. I'm not sure the math maths. What do you suppose one's net worth has to be to get to the point that income does not matter? And how many households have that net worth?

For example: My employer's endowment spend policy is: 4.5% of the average balance over the past 28 quarters. Given the ordinary rate of return in the market, that's pretty close to (and a little less than) the "4% rule". So, for assets to replace an income stream of $X in a way that tracks inflation, you need assets of ~25 times $X.

In other words, if you want to generate $100,000/year---and that's pretty solidly middle class, not wealthy---you need an asset base of $2.5M. That puts you in the upper less-than-10%, and I suspect Disney's addressible market is larger than 10% of the US.

Where I believe the "asset class" does show up is in some of the upper-tier offerings: Club 33, the various park tours, hotel suites, etc.

I never said anything about people not depending on income. I said people making the same income have different levels of assets and that matters.

If you are 55 years old and kids are grown. You got a ton of equity in your home and a big fat 401k, and very little debt you are feeling good. Even if your household income is 150k you are going to feel a lot more comfortable spending 10k on a Disney trip than a young family early 30's making the same amount or more, just bought home, student debt, car payment, not a lot of saving etc.

Boomers hold most of the wealth in this country, They are also starting to die off and leave their wealth to their kids.

It's also a known factor that when peoples assets go up they feel confident spending money. A lot of times more money than they should. We see this over and over again.