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

A poor economy can certainly push people into debt. An unexpected illness or a major repair can force someone into debt if they're unemployed or just not making as much as they used to. Not all debts are due to people living above their means.

When someone brags about a record-high stock market, I always want to know how many of these rocket shares they really own and how much have they made from them, because it doesn't help me if I don’t own any of them.
A poor economy will also push some out of retirement.

My husband just saw that a guy he knew retired is back in the workforce. This guy had been a VP for 20 years, but he took a job as a director now (big step down). My husband thinks he probably staked his retirement too much on UnitedHealthcare stock - he would’ve had a ton of stock & options.

My husband no longer works there and he’s had to keep quiet because so many people he knows are lamenting how much they lost, but my husband cashed out right before it tanked. Don’t know if he’s lucky or smart.
 
The economy didn’t make people go into debt! We all make choices in life. I don’t understand the mindset that “life just happens to me and I have no control over it.” Our parents lived through a much tougher era and were able to buy homes and retire comfortably. Of course, they never had a credit card and never bought something they couldn’t afford.
All three of our kids went to college and graduated without debt as well as my husband and I. And one of them is a physician. We saved for college with savings bonds for them and 529 plans, they worked and got scholarships. They didn’t choose expensive schools and they worked while in school. They were RAs so they got free room and board. And we are very strictly in the middle of middle class. It takes work and sacrifice, but it’s worth it that our kids didn’t start their lives in debt, and are now all home owners as well.
Not to be rude but being born to parents that saved for your college expenses is not a choice children get to make.
 
The economy didn’t make people go into debt! We all make choices in life. I don’t understand the mindset that “life just happens to me and I have no control over it.” Our parents lived through a much tougher era and were able to buy homes and retire comfortably. Of course, they never had a credit card and never bought something they couldn’t afford.
All three of our kids went to college and graduated without debt as well as my husband and I. And one of them is a physician. We saved for college with savings bonds for them and 529 plans, they worked and got scholarships. They didn’t choose expensive schools and they worked while in school. They were RAs so they got free room and board. And we are very strictly in the middle of middle class. It takes work and sacrifice, but it’s worth it that our kids didn’t start their lives in debt, and are now all home owners as well.
Not everyone is born into a life of privilege. Not everyones parents have the income level to save for their kids college. Not everyone gets a scholarship. No offense, but you seem to lack any kind of empathy for people that have legitimate reasons to be struggling. Do you ever stop and ask yourself why is college so expensive and how did we get here?

In other news DCL is giving 40% off on cruises. Another sign of our peachy economy.
 
A poor economy will also push some out of retirement.

My husband just saw that a guy he knew retired is back in the workforce. This guy had been a VP for 20 years, but he took a job as a director now (big step down). My husband thinks he probably staked his retirement too much on UnitedHealthcare stock - he would’ve had a ton of stock & options.

My husband no longer works there and he’s had to keep quiet because so many people he knows are lamenting how much they lost, but my husband cashed out right before it tanked. Don’t know if he’s lucky or smart.
People seem to have short memories and have forgotten about the 2008 financial crisis. It pushed a lot of retirees back into the work force that's if they could find a job. It could happen again and probably will happen again because the economy always goes in cycles. It sounds like your husband was smart.
 

Not everyone is born into a life of privilege. Not everyones parents have the income level to save for their kids college. Not everyone gets a scholarship. No offense, but you seem to lack any kind of empathy for people that have legitimate reasons to be struggling. Do you ever stop and ask yourself why is college so expensive and how did we get here?

In other news DCL is giving 40% off on cruises. Another sign of our peachy economy.
Privilege? My kids certainly weren’t born into a life of privilege. Our highest combined income we made when my kids were college age was $60,000. Everyone doesn’t have to go to a pricey college. Life is all about choices. Of course there are unexpected medical bills etc that can happen to anyone (we had those too). But there is no arguing that this generation spends way beyond their means more than any other in history. Generations in the past had some tough times too. My dad was born into life of poverty (he tells how every day for lunch he had to pack a ketchup sandwich) yet he worked hard, spent frugally and was able to buy several homes and retire comfortably (with no college degree). My generation had 18% mortgages, and much higher inflation and unemployment than right now so everyone has had issues to deal with.
I know why colleges are so expensive. I used to work at one. They have huge endowments just sitting there (millions and sometimes billions of dollars) yet they keep raising tuition. They have bloated administrative costs - more than any industry I’ve ever worked for, yet they don’t feel
the need to downsize like companies have had to. They keep adding expensive amenities and programs to attract prospects and passing the costs onto you. But until people stop paying the high costs, then they will continue to fleece our children. Try community colleges or local small schools, try trade schools. The biggest roadblock to young adults from home ownership now is huge college debt. Everyone has a choice and you don’t have to get sucked in a cycle of financial ruin.
 
Privilege? My kids certainly weren’t born into a life of privilege. Our highest combined income we made when my kids were college age was $60,000.
In what year? You keep citing raw numbers without context. 60k isn't much today but it was double the median income in the 90s.
Everyone doesn’t have to go to a pricey college. Life is all about choices.
Even state schools are 70k+ for a 4 year degree now.
 
Privilege? My kids certainly weren’t born into a life of privilege. Our highest combined income we made when my kids were college age was $60,000. Everyone doesn’t have to go to a pricey college. Life is all about choices. Of course there are unexpected medical bills etc that can happen to anyone (we had those too). But there is no arguing that this generation spends way beyond their means more than any other in history. Generations in the past had some tough times too. My dad was born into life of poverty (he tells how every day for lunch he had to pack a ketchup sandwich) yet he worked hard, spent frugally and was able to buy several homes and retire comfortably (with no college degree). My generation had 18% mortgages, and much higher inflation and unemployment than right now so everyone has had issues to deal with.
I know why colleges are so expensive. I used to work at one. They have huge endowments just sitting there (millions and sometimes billions of dollars) yet they keep raising tuition. They have bloated administrative costs - more than any industry I’ve ever worked for, yet they don’t feel
the need to downsize like companies have had to. They keep adding expensive amenities and programs to attract prospects and passing the costs onto you. But until people stop paying the high costs, then they will continue to fleece our children. Try community colleges or local small schools, try trade schools. The biggest roadblock to young adults from home ownership now is huge college debt. Everyone has a choice and you don’t have to get sucked in a cycle of financial ruin.
I don't know what year you made 60k, but in 1980 60k is 235k today. That is hardly suffering. Secondly there are no cheap trade schools or small colleges. Exactly what generation spends beyond their means. There are several generations contributing to this economy. Thirdly it's your generation that has been in power and still is for the most part yet you wan't to blame the kids?
 
I don’t disagree with @Dakota731 regardless of what generation they are in. I’m an X with Zers. When our youngest graduated college in 2022 we had a HH income of $78k. It can be done today. Households have to decide what to go without. People on a vacation board are potentially making choices to travel over saving for college, retirement, etc. That is their choice. But they can’t say others kids had more privileged opportunities because the parents elected to be better stewards of their income.

Branches of our local state university are charging tuition of $12k annually. Most people in the US live within driving distance of more affordable options.
 
I don’t disagree with @Dakota731 regardless of what generation they are in. I’m an X with Zers. When our youngest graduated college in 2022 we had a HH income of $78k. It can be done today. Households have to decide what to go without. People on a vacation board are potentially making choices to travel over saving for college, retirement, etc. That is their choice. But they can’t say others kids had more privileged opportunities because the parents elected to be better stewards of their income.

Branches of our local state university are charging tuition of $12k annually. Most people in the US live within driving distance of more affordable options.

This board in my opinion is anomaly made up of mostly upper middle class and above. I wouldn't make assumptions that people on this forum are taking vacations and not saving for college or retirement. I base my opinions not on my own personal situation, but the economic data I'm evaluating everyday.

Not all parents choose to pay for their kids education even if they can, and like another poster said kids don't choose their parents.
 
This board in my opinion is anomaly made up of mostly upper middle class and above. I wouldn't make assumptions that people on this forum are taking vacations and not saving for college or retirement. I base my opinions not on my own personal situation, but the economic data I'm evaluating everyday.

Not all parents choose to pay for their kids education even if they can, and like another poster said kids don't choose their parents.
I agree also on the opinion of the board participants income. I also agree not everyone elects to save for the future even if they can. Those people should not be the ones saying, “life is so unaffordable” when they made the decision to not be prepared. For those young people who didn’t have savers in the generation ahead of them, there are options to get a cheaper and often more valuable education. Go to school close to home to save on housing, work while in school, etc.
 
I agree also on the opinion of the board participants income. I also agree not everyone elects to save for the future even if they can. Those people should not be the ones saying, “life is so unaffordable” when they made the decision to not be prepared. For those young people who didn’t have savers in the generation ahead of them, there are options to get a cheaper and often more valuable education. Go to school close to home to save on housing, work while in school, etc.
Your making a false argument that people elect not to save for the future. I think you need to stop generalizing. There are over 300 million people in this country all with different income levels and different life circumstances.
 
Your making a false argument that people elect not to save for the future. I think you need to stop generalizing. There are over 300 million people in this country all with different income levels and different life circumstances.
I disagree with this. There are many people that elect to not save and instead spend all that they earn. They are paycheck to paycheck people who still find a way to save something.
 
I disagree with this. There are many people that elect to not save and instead spend all that they earn. They are paycheck to paycheck people who still find a way to save something.
There are also many people who don't have the means to save. We could go round and round on this all day, but it's becoming non-sensical. It also has nothing to do with Disney becoming unaffordable for the middle class.
 
I don't know what year you made 60k, but in 1980 60k is 235k today. That is hardly suffering. Secondly there are no cheap trade schools or small colleges. Exactly what generation spends beyond their means. There are several generations contributing to this economy. Thirdly it's your generation that has been in power and still is for the most part yet you wan't to blame the kids?
My kids graduated in 2014, 2015 and 2016 so $60,000 was right about average for a family during that time, and that was our high income during that time - so hardly privileged!
No I don’t blame the kids, I blame the parents for saddling kids with a massive debt at age 22.
 
Thanks for the link…
I might have to subscribe to the NYTimes …I wonder how much that costs.
Look during Black Friday sales when they often have various subscription and streaming services cheap. Also check if you have an online library resource. I was subscribing to various magazines before I realized I could read them for free through my library.
 
I disagree with this. There are many people that elect to not save and instead spend all that they earn. They are paycheck to paycheck people who still find a way to save something.
That’s right! In fact, 1 in 3 Americans say they don't have an emergency fund at all. It is a fact people save less money now than they ever did. People saved an average of 10-15% of their income in the 1970s and 1980s and last year it was only 4%.
And for those who say we are not accounting for inflation, well the $2.50 an hour I made as a teenager at McDonalds is now equivalent to $11, which is less than the average $14 an hour fast food jobs pay now. So we didn’t make more “back then”, we didn’t have less inflation and we certainly didn’t have lower mortgage rates. It wasn’t easy for us to save either - we sacrificed and scrimped and saved.
I just don’t accept that this generation has it any harder financially than those in the past. We had our issues starting out and our parents and grandparents had even more struggles.
 
That’s right! In fact, 1 in 3 Americans say they don't have an emergency fund at all. It is a fact people save less money now than they ever did. People saved an average of 10-15% of their income in the 1970s and 1980s and last year it was only 4%.
And for those who say we are not accounting for inflation, well the $2.50 an hour I made as a teenager at McDonalds is now equivalent to $11, which is less than the average $14 an hour fast food jobs pay now. So we didn’t make more “back then”, we didn’t have less inflation and we certainly didn’t have lower mortgage rates. It wasn’t easy for us to save either - we sacrificed and scrimped and saved.
I just don’t accept that this generation has it any harder financially than those in the past. We had our issues starting out and our parents and grandparents had even more struggles.
In one post you said the economy was great. Now you have just totally contradicted yourself. Cant imagine why people save less. 😂
 
Walt Disney world and Disneyland are offering some pretty decent ticket deals if anyone's able to take advantage of it. I think we will see more of this.
 
Our
I don't know what year you made 60k, but in 1980 60k is 235k today. That is hardly suffering. Secondly there are no cheap trade schools or small colleges. Exactly what generation spends beyond their means. There are several generations contributing to this economy. Thirdly it's your generation that has been in power and still is for the most part yet you wan't to blame the kids?
local state school in Florida is about $2000 a year for residents. For students who get good grades and SAT scores, FL offers the Bright Futures program where they will give you up to 100% of your college tuition at a state school for 4 years. I know there's other states with similar programs. I know quite a few kids who qualify for that scholarship and choose to go to a more prestigious college and live away from home which increases the costs significantly.
 
One thing I don't actually see mentioned anywhere here is that around 1/3 of the U.S. housing market is now owned by large corporations, with rental prices spiking. I make 'good' money.... But I could not afford to live on my own regardless of how 'good' that money is, because a half-decent place that isn't an hour away from my job is well over $1500 a month, which is already half of my own take-home. This does not account for electricity rates going up either, or grocery bills, or daycare expenses for those with children.

It's also a requirement to have a cellphone and internet connection now. If you lack either, you will have a significantly harder time finding a job, and in most of the U.S. public transportation is unreliable and nonexistent, which means a car is a requirement along with all of the bills that come along with it. A significant amount of jobs now also require a bachelors degree- any bachelors- in order to land an interview.

Currently the median U.S. household income is about 67,500. Mind, this includes people making 6-7/8 figures' worth of salary and salaries are going to be higher in states with higher costs of living so this income varies in effectiveness significantly between families. You cannot equate one individual experience to the experience of the rest of the U.S. 67,500 is fine in most of Michigan. It's one step from homelessness on its own in California.

Not to mention that a single significant medical event can ruin someone. If I myself become significantly injured at work and lose my income, we will lose our home.

I do not envy those who are lucky to have supportive parents and households that make great efforts to set their children up for success later in live. That is, however, not the norm for many others, including myself. We are doing the best that we are able to in this very uncertain economy and saving what we can, but it only really takes one thing to set us right back to baseline, and we do not spend excess.... Life where I'm from is just expensive, and moving is not an option.

Somewhat personally, I find the 'just scrimp and sacrifice' to be lacking in empathy in a culture that demands so much both out of our minds and bodies. People are not machines, and comes off as declaring that having financial struggles to be 'that person's' fault, rather than the fault of the economic and social system. It is also not the fault of the people born into economically disadvantageous situations that they were, or the people who have a significant financial event occur, or anyone in between. The system should be fair to everyone, no exceptions, and it isn't in its current state.

-
Anyway,

In terms of recreation spending: It's a lot harder to find any third space to go to with friends or family with reasonable expenses. Disney is one of these that's usually put under the microscope as to how unaffordable recreation and tourism is for families. It's not just Disney nickel-and-diming its customers... it's everywhere, including the way the economy itself is running. Part of the issue with recreation spending is due to travel and supply expenses. Not everyone has reasonable access to parks or other outdoor areas without a vehicle, for example.

With Disney specifically, since it's still regarded as a family oriented, once-in-a-lifetime opportunity trip (the marketing is genius here), it means that people will be inclined not only to spend the extra on hotels, food, and every other expense imaginable to make their one big trip the best that it could possibly be in their perception.... it also means that Disney can charge out the nose for services and products that are found significantly cheaper elsewhere for that same reason. If regular recreation and travel is already expensive.... why not spend more on a once-in-a-lifetime trip at that point? That's the mindset that I've been seeing as I explore around various communities trying to gauge how my own 'once-in-a-lifetime' trip should look like.

Why wouldn't they charge more if people are going to spend more?
 






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