eliza61nyc
Well-Known Member
This isn't fact, this is just me pondering.I've been saying this for years - The royal "your" spending habits at a place like WDW *do* have an impact on others. By continuing to purchase all the add-ons, extras, after-hours events, and other money-making schemes, (Again, the royal) you throw your support behind those things, whether it's realized or not. "It's my vacation, why do you care how I spend my money?" has consequences.
In other news:
"Debt held by those younger than 50 years old as a share of all US consumer borrowing increased by the most on record in the third quarter, according to Federal Reserve figures out Tuesday.
Consumers under the age of 50 now hold 55% of all US household debt outstanding compared with almost 48% in the second quarter. The massive 7-plus percentage points surge is unprecedented in New York Fed bank data going back to 1999.
Total US household debt grew by $228 billion last quarter to reach $17.3 trillion. The increase was completely driven by consumers younger than 50, whose debt rose $1.4 trillion. Borrowing by older Americans was little changed."
So what one could argue is a core WDW audience - those under 50 - are taking on debt at a record pace and now hold more debt than ever. It's an audience who has been leaned on more and more during the Iger reign, and they now have to decide where their money is best spent and face higher prices, and more complexity, than ever before at WDW. Who's going to be left to visit the parks, Bob & Josh? What marketing spin will somehow MAGICALLY!!! put more people into the parks with the ability to spend like crazy in the face of economic indicators that say family budgets are already stretched near or past the breaking point?
I wonder if part of the willingness of a younger to take on debt is that its no longer considered "bad" and they're very use to it.
For example when I was a kid the mantra was buy what you could afford. My mom had one store card to Sears. My dad never owned one. Lol cut to my minions who were packing Visa's as college kids.
Also I will give the mouse world credit, they have market Disney world as a "must do" at least once