Tuesday, December 10, 2024

Families Are Going Into Debt for Disney Vacations

Back in August, the NY Times published the attached article about how people are willing to go into debt in order to afford a vacation to Walt Disney World.

They interviewed some people, and did some research into the costs.  They quote some of the guests who say that their kids are only young once, and it was worth it to go into debt to experience the magic.

I'll agree that this magic does make an impression, but it is pretty sad that it stretches people's finances to experience it.

And it calls to mind a bigger issue: that people are okay with taking on debt in order to do something that they want - rather than saving for it and THEN having the experience, as previous generations have done. 

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