Reply to How do most middle to UMC families pay for college?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Life in the donut hole is brutal. Oldest went to Honors College at state flagship (small scholarship), second went OOS with large merit scholarship.  Who knows what the third will do.[/quote]
The donut hole is a myth created by parents who did not plan well. College isn’t exactly a surprise.  You have two decades to save.

It’s the same for retirement. [/quote]

Not everyone has money leftover each month to save. I really didn’t make ends meet for years and when I did, I didn’t have money leftover to save. [/quote]

Having a lower income and not being able to save is different from someone making [b]150-600K or mor eand screaming poverty[/b].[/quote]

Do you think a family of 4 with a mortgage making say $300k/year in high cost of living area will be able to fully save for their own retirement to last then 30 years and also for full college for their 2 kids.

I'm single and make $130k. I know I can't. So I'm wondering if a couple with 2 kids making twice my salary combined can do it. [/quote]You have a spending problem.  Now you are single and making a very very good salary. You can live like you make half and still live well.  Then, save the rest now. [/quote]

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