What is the average age of timeshare owners?
What is the average age of timeshare owners? Today, over half of timeshare owners are Gen Z and millennials and the average age of a timeshare owner is 39, according to a 2022 report by the American Resort Development Association.
Is timeshare a trap?
It's not just about investing well, it's about avoiding the financial mistakes that undermine so many well-meaning, but misguided people. One of these mistakes is getting caught in the timeshare trap. While timeshares may seem attractive at the outset, over time they can become real wealth traps.
Do your children inherit your timeshare?
Often, your heirs can inherit your timeshare when you pass away. But they can also inherit the timeshare ownership fees! If your family loves your time ownership property and wants to continue to visit it – and pay the associated fees – your timeshare should be part of your estate plan.
What percentage of timeshare owners are happy?
The “U.S. Shared Vacation Ownership Owners Report: 2022 Edition,” published and sponsored by the ARDA International Foundation (AIF), found that 90% of timeshare owners are happy with their overall ownership experience.
Are timeshare owners happy?
According to the U.S. Shared Vacation Ownership Consolidated Owners Report, 2018 Ed., more than five in six owners (85%) rated their overall ownership experience as excellent/very good/good.
Is timeshare a dying industry?
The unique concept relies on shared 'ownership' of a particular property or resort stay, allowing all involved their own periods of vacation time every year. But while the timeshare market grew steadily over the decades, recent years have seen a noticeable decline.
What is the average income of a timeshare owner?
The average price for a timeshare purchase is about $20,000 and the median income of timeshare members is about $73,000.