By Daniella Genovese | Fox Business
Nearly 50% of parents with young children are going into debt after taking a trip to one of Disney’s theme parks, according to a recent LendingTree report.
LendingTree surveyed more than 2,000 consumers, 24% of which have gone into debt for the trip, a 33% increase from its 2022 findings. However, that figure jumped to 45% among parents with children younger than 18, according to the data.
Of the parents with young children who have taken on debt, almost all of them, 83%, did so in the past five years. Parents, faced with tighter budgets and persistent inflation, “are more likely to take on debt than before,” according to LendingTree.
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