WSJ: Even Disney Is Worried About The High Cost Of A Disney Vacation (gift link)

[DisneyHead123]

But this basic bit of data doesn't tell you much about the relative wealth and disposable income. You can still be in the top 10%, having more income than the 90% below you, but maybe only the top 2 or 3% have seen any real growth in value and those below have either stagnated or declined in real terms.

That could be but I’d need to see data to support it. There are endless scenarios that could play into disposable income. I’ve read that more young people live at home and buy luxury brands, for example. While a couple right at the cutoff for top 10% with 4 kids and a mortgage on a townhouse might not have anything left over for vacations. I can say with confidence that the population has increased by over 100 million people or so, and the number of people in the top 10% has increased proportionately. On disposable income, I have no data one way or the other.

 

[UNCgolf]

That could be but I’d need to see data to support it. There are endless scenarios that could play into disposable income. I’ve read that more young people live at home and buy luxury brands, for example. While a couple right at the cutoff for top 10% with 4 kids and a mortgage on a townhouse might not have anything left over for vacations. I can say with confidence that the population has increased by over 100 million people or so, and the number of people in the top 10% has increased proportionately. On disposable income, I have no data one way or the other.

The biggest issue is that housing costs have skyrocketed over the past few decades. People generally have to spend a much, much higher percentage of their income on housing than people did 30-40 years ago, which obviously cascades down into how much money they're able to spend on other things.

 

[DisneyHead123]

The biggest issue is that housing costs have skyrocketed over the past few decades. People generally have to spend a much, much higher percentage of their income on housing than people did 30-40 years ago, which obviously cascades down into how much money they're able to spend on other things.

Agree… I just have no idea how disposable income and net income align. It’s totally possible that Zoomers living with their parents have way more to spend than homeowners, I just don’t have any info on it.