LendingTree survey - 45% of Disney-Going Parents With Young Children Have Gone Into Debt for Trip

[wdwmagic]

Interesting read

Survey: Disney-Going Parents and Debt | LendingTree

24% of Disney-goers have gone into debt for a trip, a figure that rises to 45% among parents with children younger than 18.

www.lendingtree.com

 

[MisterPenguin]

Interesting read

Survey: Disney-Going Parents and Debt | LendingTree

24% of Disney-goers have gone into debt for a trip, a figure that rises to 45% among parents with children younger than 18.

www.lendingtree.com

Are they using a credit card or going to a bank and requesting a personal loan for a vacation?

Anyway....

Most Americans won’t carry their Disney debt for long. For their last trip, 75% of indebted Disney-goers say it would take (or took) six months or less to pay it off. And 32% say it would take specifically three to six months, the most common response.​

 

[Sirwalterraleigh]

…mmmm….hmmmm

Let’s see where this topic goes?

 

[mkt]

Are they using a credit card or going to a bank and requesting a personal loan for a vacation?

Anyway....

Most Americans won’t carry their Disney debt for long. For their last trip, 75% of indebted Disney-goers say it would take (or took) six months or less to pay it off. And 32% say it would take specifically three to six months, the most common response.​

Six months to me screams paypal credit.

 

[Andrew C]

Are they using a credit card or going to a bank and requesting a personal loan for a vacation?

Anyway....

Most Americans won’t carry their Disney debt for long. For their last trip, 75% of indebted Disney-goers say it would take (or took) six months or less to pay it off. And 32% say it would take specifically three to six months, the most common response.​

Typically the dude on the corner offers decent sized loans without collateral. Just watch out for those interest rates.

 

[mkt]

 

[Mr Ferret 75]

 

[John park hopper]

Never went into debt even for a little while for a WDW vacation if we didn't have the money on hand we didn't go

 

[monothingie]

Interesting read

Survey: Disney-Going Parents and Debt | LendingTree

24% of Disney-goers have gone into debt for a trip, a figure that rises to 45% among parents with children younger than 18.

www.lendingtree.com

Great find, thanks for sharing.

I’m actually surprised it isn’t higher given the poor financial discipline most American have.

Sadly we’ve gone a long way from Walt’s original vision of his park being completely accessible to the average American.

 

[monothingie]

Are they using a credit card or going to a bank and requesting a personal loan for a vacation?

Anyway....

Most Americans won’t carry their Disney debt for long. For their last trip, 75% of indebted Disney-goers say it would take (or took) six months or less to pay it off. And 32% say it would take specifically three to six months, the most common response.​

6 months at 25+%APR….along with the rest of the revolving debt carried for other expenses….oooffff

 

[John park hopper]

Debt free and loving it

 

[StarWarsGirl]

Six months to me screams paypal credit.

Paypal credit is amazing. Just sayin'.

 

[ohioguy]

Save up and then go. Yes, that means putting off the trip for years, maybe... but I found it was better to take kids when they were a little older, and could appreciate the parks more.

 

[Sirwalterraleigh]

A very important distinction.

Except it’s a pretty obvious lie

Never went into debt even for a little while for a WDW vacation if we didn't have the money on hand we didn't go

How old school logical of you

 

[Sirwalterraleigh]

6 months at 25+%APR….along with the rest of the revolving debt carried for other expenses….oooffff

…you’re no fun, anti-magical buzzkill

 

[mkt]

What I’m curious about is if they count using a credit card to pay for things at Disney to be debt since technically it is.

However in my case it’s paid off before the statement cuts, so is it really debt? I pay no interest and no annual fee, so I consider it a way to spend 3% less at Disney thanks to cashback.

 

[John park hopper]

Except it’s a pretty obvious lie

How old school logical of you

brought up by parents who went through the depression whole different mind set --now instant gratification even if it means going into never ending debt

 

[bwr827]

What I’m curious about is if they count using a credit card to pay for things at Disney to be debt since technically it is.

However in my case it’s paid off before the statement cuts, so is it really debt? I pay no interest and no annual fee, so I consider it a way to spend 3% less at Disney thanks to cashback.

No, that’s not debt. That’s just smart spending.

 

[monothingie]

What I’m curious about is if they count using a credit card to pay for things at Disney to be debt since technically it is.

However in my case it’s paid off before the statement cuts, so is it really debt? I pay no interest and no annual fee, so I consider it a way to spend 3% less at Disney thanks to cashback.

I would assume it's being carried month to month accruing interest charges.

 

[mkt]

I would assume it's being carried month to month accruing interest charges.

Not in my case. My cards are usually paid off before the statement cuts.