Just took my daughters out for 2 smoothies. Price (w/tip): $25
This spike in cost-push inflation better be "transitory"…
— Adam Taggart (@menlobear) June 20, 2021
The cheapest hotel room in Disneyland in July is $463, with some costing $800
A family vacation to Disneyland – once the pinnacle of summertime for middle-class American families – will today set a family of four back more than $6,000.
With the average annual income now standing at $5,725 a month, this means a visit to the so-called ‘happiest place on earth’ is increasingly out of reach to the average American family.
And the hefty price tag comes despite pandemic-related restrictions squeezing some of the magic out of the experience.
Firework displays, shows and the iconic character parades have gone due to social distancing rules – with the first fireworks set to return for July 4.
And yet, instead of slashing the prices to make up for the disappointment, costs have continued to climb.
Reality disagrees. But sure, keep using politics to tell the majority of Americans who can no longer afford the life they had 1yr ago what their check book (and eyes) tell them is wrong? Facts disagree, strongly, w/ you. You can say transitory all you want; poor folks don’t care. pic.twitter.com/qD90OvhuRA
— Gordon Johnson (@GordonJohnson19) June 19, 2021
Thinking about raising rates? pic.twitter.com/hGypjFfyy1
— Michal Stupavsky, CFA (@MichalStupavsky) June 19, 2021
— Win Smart, CFA (@WinfieldSmart) June 19, 2021