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Reply to "31% of millionaires think they're middle class"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]It's all relative but many of you are correct- you can't afford the things that you think you are entitled to. I grew up in the 80s and my parents were upper middle class but they encouraged us to go in-state or go where we got the most merit aid. All 3 of us did that and got undergrad degrees with no debt. My parents had a mortgage and needed to save for retirement. Nothing wrong with it.[/quote] This is the problem though--the 5k my parents paid a semester for tuition for an in-state school in the 1990s, isn't 5k anymore. So a state school doesn't make it affordable necessarily.[/quote] Of course it isn’t. There is inflation but there is wage inflation too. $12k instate is absolutely doable for millionaires in 2023. If you can’t do that, get loans. If you can’t swing it you are spending too much elsewhere and not prioritizing college for your kids. [/quote]
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