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[quote=Anonymous][quote=Anonymous]
Our earnings would be lower elsewhere. It is also not realistic to think we could just move somewhere else and find employment. You seem to think this income implies a luxury lifestyle in NYC - we live in an outer borough, commute an hour to work in public transport, and send our kids to NYC public schools. Some people live in NY because they come from NY. I think you are very invested in the narrative that all donut hole families are whiners or have done something wrong. This makes you seem very self-righteous.

[quote=Anonymous][quote=Anonymous]

If we earn 225k in NYC, do you really think that we can save enough for private college by skipping luxury cars? We don't even have a frigging car! Maybe if we lived in Nebraska.

[quote=Anonymous][quote=Anonymous]The donut hole is a myth that poor savers tell themselves.   Decisions have consequences. Buying a larger house or nicer car - spending more for vacations and fancy summer camps are all decisions.

College costs are not unexpected.  You have nearly two decades to save.

Plus, you don’t have to save for the most expensive college.  All of you who consider yourselves middle class- that means kids stay at home and go to college or they go to an instate college. That is what middle class parents have done for generations. Paying the full amount for high end tuitions for private schools are for rich families not yours.

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That's not true. College costs have increased so much families can't hope to deny themselves every luxury to meet that cost. We're fortunate that we can afford any college, but most people can't, even if they tighten their belt.

Please don't be so ignorant and smug.[/quote][/quote]

Once again, you choose to live in NYC.  I know it's expensive and $225K isn't much there.  But that is a choice you make.  You could job search and move to somewhere with a lower COL (literally anywhere except SF/Boston would be less)[/quote][/quote]

I don't live where I grew up.  I choose to move elsewhere.  I know how expensive NYC is---it's ridiculous.  However, the fact is you still choose to stay there.  That's a choice you made and that means you have to adjust to live with the choices.  However, you live in NY state, where there are how many SUNY schools?  All very affordable schools, most ~ $25K, all in.    So if anything, you have more good instate schools to choose from than any other state. Kid gets a job and earns $10K/year to contribute to college, takes $5.5K federal loans, and parents contribute $10-15K per year.  An affordable way to do college with minimal debt. You could even do it for less by choosing a school that you commute to from home, if that's what fits your family finances.

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