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?
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.
I am about this age group and I can tell you there is a difference. When I was growing up, it did not take my current level of income to afford a Disney trip. Millennial's and Gen Z cannot afford now like I could at their age. They are having trouble finding jobs and housing that I never did. Home ownership is at (I believe) an all time low. The lowest amount of people under 30 are married and own a house than at any other time in our history.
Yes like I've said the average age of first time homebuyers is now 38. I bought my first home at age 26. The average of home buyers in general is 56. Boomers own the highest percentage of homes. We bought our home in 1996 and I could not afford to buy our home today even though my salary has tripled.
Student loan debt is a major barrier to housing affordability for many young adults, delaying homeownership and other financial milestones. The average student debt has surged over the past two decades. A recent study showed 29% of all Americans report putting off the purchase of a home as a result of their student loan debt, and revealed each $1,000 increase in debt lowers the average rate of homeownership by 1.8 percentage points for four-year degree holders.
Airfare specifically was a huge hurdle to travel back then. People don’t understand that until the last 20-30 years the middle class really didn’t fly anywhere.
When I was in grade school in the upper midwest (this was the late 70s), you did not come back from spring break with a tan unless your parents were doctors or e.g. owned one of the larger local contracting companies. It was very much a marker of status/class.
What a lovely video! It's so emotional to see Skyway and the Nautilus again. Thank you.
I'm a baby boomer and we could Not afford a Disney trip when I was a kid. Not an option. My Mom and Dad both worked to keep their heads above water. It paid off later on and when they could afford it, they had no interest in going to Disney. Neither did I as a teenager. As a child I watched the Wonderful World of Disney every Sunday and dreamed of going to DL.
Maybe don't go to college and learn a trade.
People had cars.
Funny you should ask, I fly out Sunday morning. Conference. Went this time last year. Food is outrageous. Nickle and dime on everything. I can say for years my family went to Disney 1-2 per year. I complained every trip on price of Disney. After last years Vegas trip, I quit complaining about Disney. It is that bad.
Imagine having your kids move everything around in the mini-bar. Happened to me once, but not at a Vegas hotel. Vegas is ridiculous and so is Disney. I'm not one to justify Disney's prices by comparing it to other vacations. It's either worth it or it's not. I now there are a lot of places to vacation that cost a lot less than Disney. It's a false argument to pretend otherwise.
Thank you!
The amount of time it took was a barrier though. We lived near Chicago and every trip to WDW involved 2 days of driving each way. Burning 4 days of your vacation just traveling to/from the destination is less than ideal so people chose more local destinations.
Wasn't gas rationed in the 1970s and very expensive when you could find it?
If you bothered to research that you know it was only about a year that gas was rationed. Gas prices in the 1973 was 36 cents a gallon adjusted to inflation that's around 2.50 a gallon. Gas prices hovered around a dollar a gallon through the 80's and 90's. It didn't get above 2.00 dollars a gallon until the Iraq war and everyone freaked out over that.
