On Tuesday, #Disney released their earnings report for the third quarter, from April 1 to June 30. They saw earnings of $2.6 billion, a $114 million increase from the previous quarter.

Parks and Resorts did see an increase, but not to the level of the other departments, particularly in their films department, which could be why, earlier this month, Disney announced that there was a large layoff of Imagineers. The earnings report discussed current and future "budget cuts" which might mean that more layoffs are coming.

Still, Disney is not announcing a decrease in #income from park guests, despite saying that park attendance is down.

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Park attendance has actually been going down for several years now. The earnings report did not state how far down Walt Disney World has gone, but they instead stated that all of the parks' attendance is down 4 percent. 

So how are the parks still making money? Although it's typical to see Disney raise the prices in their parks year after year, there was a jump this year. Their events' prices are higher than ever and so is the ticket price. The third quarter includes all of June, which is entirely in the "peak time." That means that the ticket cost for entrance is at the highest, $114 for one day. 

Can the average family pay that much for a vacation?

The median income for families in 2014, the latest released census, was $53,657. The average annual expenditures for families is $53,495. Vacations would fall under the category of entertainment, which the average family spends $2,868.

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During the peak time of June, a week-long vacation, in a value resort and using the Disney Dining Plan, for a family of two parents and two children, would be over $5,000. Even if the average family spent no money in entertainment for the rest of the year, they still would not have enough for a week-long vacation. 

To put all those numbers in perspective, let's go back to 2000. Just 16 years ago, the cost of a Walt Disney World one-day ticket was $46. Now the price is more than double. 

However, the average family income is not more than double. In fact, in 2000, the average was $57,724, which is $4,067 more than families make today. 

Disney may be boasting that they are still making a profit while attendance is falling, but it seems that the only way that they are making one is by making their parks unaffordable for the average American family. Essentially, Disney has left middle-class families behind.  #middle class