Factz

BREAKING BANK

Study Shows that Many Families Are Going into Debt Just to Visit Walt Disney World

A new study by LendingTree is shedding light on some spending habits of Disney World-bound families.

In the study, 18% of the 1,500 surveyed reported building debt during a visit to Walt Disney World.

The study found that people with children under 18 are the most likely to go into debt to make the magic happen.

Part of the reason for racking up debt at the Mouse House could be due to the unexpectedly high cost of dining on property, which families with children are more likely to have to do with little notice. After all, you can’t tell a toddler to wait 2 hours until you get back to the hotel to have lunch – it’s now or meltdown.

71% of respondents who overspent said they did not regret it, so that’s the good news.

The bad news, however, is that a separate study from Time2Play found that 68.3% of surveyed “Disney World enthusiasts” felt like price hikes have killed the magic for them. 92.6% of those who responded say that high costs have put a trip to Disney World “out of reach” for the average family.