My husband grew up in a family situation similar to Iger's.
I can believe that his family felt they couldn't afford a Disney vacation . The cost of airfare was much higher than it is now, compared to income. I took my first flight in 1970, and the same flight costs about the same now. But that was at a time when I was making less than $15,000 per year! An income of $150,000 made you part of the 1%. My husband's family (5 children) never flew anywhere - it was too expensive. and they were well off.
Driving would eat up a large portion of a limited vacation, so it was easier to spend time closer to home.
Also, vacations were not child-centric back then - they were primarily for the working adults, although destinations were usually chosen so the children would also have something to do. It would never have occurred to any of my sibs and I to decide where we would vacation - if we could have afforded to go anywhere. We didn't even have a say in day trips! My husband had the same experience - the children had no say in the destination.
I forgot to add -
Yes, our family was like that too, but not well off. I used to watch "The Wonderful World of Disney" and dream of being there. We could not afford it at all though. I did get Mickey ears one Christmas with my name on them
What a great gift!
We also had zero imput into our family vacations. We went fishing to a local lake for a week. Dad and Mom decided where we went, and we entertained ourselves running around the lake front, hide and seek, just general out door playing
On Friday night of our vacation, my Dad would take us to the lake's amusement park for one magical evening! I still remember those special Friday nights with my Dad.
So, it sounds like our childhood's were similar!
The economy in the NE was not doing all that well - many factories, especially textiles, were closing. The economy in the SE was improving; many factories were opening - especially textiles. As I recall, the West Coast was also having a housing boom.