Going into debt for a Disney trip? Study says 45% of parents have done it

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Loan company LendingTree recently surveyed 2,000 people to find that 24% of Disney-goers have gone into debt for a trip to the theme park.

In one survey, parents with young kids admitted to taking on an average of $1,983 in debt for a Disney trip.ORLANDO, Fla. — For some families, a trip spent making magical memories at Disney World is priceless. So priceless, in fact, that they're willing to go into debt for it.recently surveyed 2,000 people to find that 24% of Disney-goers have gone into debt for a trip to the Florida theme park.Those parents admitted to taking on an average of $1,983 in debt for a Disney trip.

While it isn't generally encouraged for families to take on these outstanding payments, the experts at Lending Tree said not all debt is created equal. “I’d argue that could be considered good debt,” Matt Schulz said. “That debt helped bring you an experience that you and your family are going to remember and talk about for the rest of your lives, which is a pretty darn good return on your investment. Of course, that doesn’t mean you should do it too often. Every once in a while, a little debt generated in service of a greater goal can be fine.

Planning ahead by finding out which foods and drinks you can bring into the park so you're not stuck paying hefty theme park meal prices Spend based on your priorities. Schulz said,"Some may splurge on a hotel and pack lunches. Others may just look for the lowest hotel rate but seek out the best dining. Spend the most on what gives you the most joy."

 

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45% of parents go into debt to take children to Disney parks, survey findsJustin Boggs is a writer for the E.W. Scripps company. Justin covers anything from politics to sports and entertainment.
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