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]

What you are saying will fall on many of the maniacs death ears on this forum. I'm very fortunate and wealthy. I do consider myself lucky and sympathize with people who arent so fortunate. It's actually true some people just don't make enough. It's funny, the reason many of us are wealthy is because there are generations of Americans who are stuck in low wages loop and work in the service sector that serve us at low costs. The peoples kids are likely going to serve our kids as well. [/quote]

But the "not having money left over" is all relative.  I know people who don't save yet they dine out a few times per month th, drive newer cars, take vacations, etc.  they have ways to save some if they wanted.  [/quote]

We all know about anecdotes. Most people of lesser means do not live beyond their means. This is one of the biggest myth or propaganda that people who "made it" believe. These people you are talking about take public transportation, buy used clothes, skip meals, live in 1 bedroom apartment etc [/quote]

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