Have You Planned for The Stealth Tax?
Most of you have been to Disney more than once. I have been probably 4-5 times. I have friends that have been 30 times or more. And we all know someone that has been there in the last year.
What used to be a reasonably priced vacation is now out of reach for many Americans.
Admission for a one-day adult ticket was $3.50 for admission in 1971 is now $109 to $159 for a single day. If inflation had occurred at Disney World equivalent to the Consumer Price Index the cost would be $24 today. Let that sink in.
Disney World’s costs have far outpaced inflation. Costs increased once you get beyond the gates. One day at Disney World, with hotel and food and everything, costs either as much or more than 80 percent of American households spend on vacations in any given year.
There are reasons I’ve written about inflation: it’s real, it’s more than you think, too many forget to plan for it in their retirement years. We let a couple of years slip by with little inflation and we don’t think it will be an issue.
- Food +5%
- Meat +14%
- Gasoline +49%
- Natural Gas +28%
- New Vehicles +9%
- Used vehicles +26%
- Car Rentals +39%
- Hotels +25%
