Reply to If you remember the old days, was private school this expensive compared to HHI?

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[quote=Anonymous]Let's take a certain percentile of HHI from the census data.  Say we want to know what the 95th percentile HHI was in 2000 and 2012, and then compare the change in those HHI's versus the change in tuition.
2000 95th percentile HHI: $145k
2012 95th percentile HHI: $191k
So that's just about a 33% increase in HHI if you stay at the same percentile over those 12 years.
If, as PP said, in 2000 they were paying $12k for tuition in 2000 and were paying about $30k in 2012, that tuition increased by 150 percent during that time.  
So, clearly, increases in tuition were WAY outpacing increases in HHI over the same period.
If you take incomes at the 75th percentile, it's:
2000 at 75th percentile: about 82k
2012 at 75th percentile: about 104k
So, at the 75th percentile of HHI, we are looking at about a 27% increase in HHI over those twelve years.  Compared to a %150 increase in tuition at the same school.
No wonder we feel like families that used to be able to afford private can't anymore.
In the year 2000, if HHI was $120k and tuition was $12k, that person's HHI was in the [/quote]

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