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Reply to "Over half of Millennials earning 250K or more a year lives paycheck to paycheck"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Don't forget student loan payments. For years we put everything extra at the end of the month towards paying them off early.[/quote] This. Millennials are the first generation that really experienced astronomical university and graduate school tuitions. Between student loans and housing inflation, I'd expect families not savings as much in traditional savings accounts to become closer to the norm. [/quote] No they did not. My 30 year old nephew went to same college my daughter goes to and tuition has doubled since he went. He graduated in 2011. His school froze increases in 2008-2011 due to financial crisis and from 2012 to 2019 really jacked them up. That school also froze tuition in 2020 and 2021 and now jacking them up again. OOS public schools are now 60k and schools line Syracuse, Villanova and Fordham are projecting 100k a year by senior year for current freshman, [/quote] Damn! I've already told my kids that it'll be 2 years of community college before transferring to a 4 year college.[/quote]
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