…now can any of you kids out there in the class translate why this matters in terms of TWDC?
…please use small words
and part of that is inflation has risen way more than wages yet people continue to spend as before until…uh oh…now we can’t afford Disney
But will they choose to do it in the volume needed?
Some of the wealthy in my neighborhood that I work out with at the local gym are taking off 2 weeks currently. One texted me family having a great time in the UK then going to Italy. The others are cruising the Caribbean on Royal Caribbean. None have a desire to spend their money at WDW. They can afford , just do not want to go.
Perhaps less travel because they do not have the money to do so?
…now can any of you kids out there in the class translate why this matters in terms of TWDC?
…please use small words
I would say America lives to work instead of work to live. A number of my peers are driven in their work ethic and or some don't want to take too much time away from work for a vacation for fear of being replaced or job eliminated.
Well that’s just our backwards idea of money and work…nothing has changed they’re for 100 years
Cruising with our family is world class service given to us by the hard working crew. The crew so of whom we got to know work 12-13 hours a day 7 days a week months at a time before their contract ends. If some of them can transfer to WDW then surely guest service will be vastly improved and perhaps so can attendance.
www.brookings.edu
Unless you live in a major metro area, you're doing just fine on $175k a year."From Yahoo! Finance:
The share of Americans rolling their credit card debt from month-to-month is for the first time higher than the portion who pay their bill in full, according to a new survey.
J.D. Power found that 51% of Americans can’t pay off their entire balance each month and instead let it revolve to the next month, accruing interest, according to its annual credit card satisfaction survey. The remaining 49% — called transactors — can pay their bill in full each month…"
Everything is fine. I'm sure the rich will prop up Bob's Folly. Oh wait...
"from Bloomberg:
In a nationwide survey of over 1,000 objectively wealthy Americans — defined in this case as making at least $175,000 a year, roughly the amount required to crack the top 10% of US tax filers — a full quarter told us they were either “very poor,” “poor,” or “getting by but things are tight.” Half described themselves as just “comfortable” …
At a time when pretty much everything is more expensive, including cars, tuition, travel and groceries, over half of respondents in our survey said they worry about money.
Some 25% don’t think they’ll be better off financially than their parents. And many have considered moving to a different part of the country, joining the pandemic exodus away from high-cost cities to areas of the US with lower taxes and a cheaper cost of living."
Luckily, this is offset by increasing man-child birth rates.Another hurdle that Disney, a company that markets to small children is facing. Declining US birth rates.
US births are down again, after the COVID baby bust and rebound
After a late-pandemic rebound in birth rates, the number of babies born each month remains well below pre-pandemic levels according to analysis of new CDC data by Melissa Kearney and Phil Levine.
Yep. Try a young married couple with a newborn making $14,000 a year. That's "poor."
