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Reply to "Does anyone else feel like we are the precipice of economic calamity? "
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[quote=Anonymous][quote=Anonymous]Things do seem bleak, but there are always times of crisis and calamity. Impossible to predict timing. Just plan to stay the course with diligent saving, consistent investing and living below your means. [/quote] The student loan deal is quite depressing - consider people with income over the 125k single and 250k MFJ. And there are more changes besides the 10-20 forgiveness. Those changes include reducing the discretionary spending % from 10 to 5 and forgiving loan balances of 12k or less after 10 years -down from from 20 years. Given cola variables not in this and how to fund tuition issues, it seems that more parents might not fund tuition - at least not on the same level. Any insights? [/quote]
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