The trip of a lifetime to a Disney theme park has turned into a financial nightmare for many U.S. parents, especially those with young kids, according to a new study.
A recent LendingTree survey of more than 2,000 U.S. consumers found that 24% of Disney visitors have incurred debt from their trips, with this number increasing to 45% for parents with children under 18.That figure represents a 50% rise from the 30% of parents with small children who reported two years ago that they went into debt for Disney trips.
LendingTree found that parents believe the memories at Disney are worth the overspending. MORE DISNEY NEWS:"For so many parents, taking their kids to Disney is a rite of passage, something they remember fondly from their youth and want to experience with their kids," Schulz said. "Because of those feelings, they’re often willing to take on debt to get there."Despite some Americans being prepared to take on debt for Disney, the survey highlighted why others choose not to.
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