Reply to dont be in the 60th to 99th percentile in income

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]There is an interesting article by the New York Times https://www.nytimes.com/interactive/2023/07/24/upshot/ivy-league-elite-college-admissions.html

Look at the graph.  Small preference for the poor, large preference for the 0.1%.  At the cost of the 60th to 99th percentile.

that's you DCUM.  [/quote]

Also don't save or invest money. Try to spend and live lavishly.[/quote]

Why?  Income is the primary factor in determining college financial aid.  All retirement and home assets are typically not considered, and the rest of assets are assessed at 5-6%. [/quote]

Because 75% of Americans apparently feel entitled to live a lifestyle better than what they can afford.  They do not understand how to live within their means.  I see it with friends and family.  My kids did not have their own phone until MS and even then the first one was an old flip phone---my oldest's request was one with a full keyboard so they didn't have to hit aaa to type C. 
Meanwhile their younger cousins already had Smartphones and would consistently get new ones every 1-2 years.  They got the latest/greatest technology no matter what the cost.  If you apply that to all aspects of life, many cannot really afford to do that and should have been saving that money (in this case, yes that family should have been saving---parent is now 68, retired, still living above their means and literally 100Ks in debt yet still living in the fanciest, most expensive place because they "deserve it"/"you only live once" despite the fact they cannot pay their bills....and this is someone who was once worth $10M+, they just blew it all to keep up with their friends/neighbors.

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