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College and University Discussion
Reply to "I genuinely don't get saving for college for kids"
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[quote=Anonymous][quote=Anonymous]NP: I have not read through the entire thread. Culturally, I was raised with the notion that each generation pays for the subsequent generation's education. My parents paid for my college, I am paying for my daughters. Why? By giving the money for education, you are more likely to have a successful offspring. Education is where we do the intergenerational wealth transfer. My DD may not inherit much, but her undergrad education will be paid for -- and by me paying the 160K over 4 years (state, no aide), DD will be able to pursue her dreams rather than chase the dollar. That means she is more likely to be happy with her career choices. I was able to not chase the dollar, but pursue my interests. That is my UMC Jewish Privilege.[/quote] I am Asian American. I could have written this post except for being UMC. Call it my MC Asian-American Privilege. 👍[/quote]
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