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[quote=Anonymous][quote=Anonymous]Boomer here. Let’s talk about cheap colleges.

In 1980 tuition only at my college SUNY Stony Brook was $1,000. My parent only made $10,000 a year.

In 2020 my nephew started SUNU stony  and their parents made 160k a year but after deductions their AGI gets then free tuition, I think in NYS something like everyone under 140k AGI gets free tuition

Yet somehow free in 2023 is more expense than $1,000 in 1980.

BTW good private schools live on campus line $7k in 1980. A fortune compared to income [/quote]

Did you need a college degree then for most jobs?  Nowadays it's a must for any job outside of labor and service jobs. Lowest paying white collar jobs require college degrees, these jobs pay often less than service jobs and definitely less than skilled labor.  Having a college degree doesn't give you a living wage anymore.  And to get into highly compensated professions you need things beyond a regular degree: law degree, medical degree, connections to high paying Finance or tech jobs, being on top of your game in college and working mad hours and getting internships into top finance/tech/consulting firms.

I do agree though that compared to boomers new generation has higher standards when it comes to housing, vacations, going out, etc. Homes are humongous now, these types of homes used to only be available to true wealth, now it's UMC lifestyle. HGTV and reality shows laid foundation to much higher expectations for what homes should look like.  Vacations overseas and second home ownership became standard in MC/UMC circles in the western world.  New generations grew up with this because their parents (boomers and even GenX) could give it to them, so they feel very disappointed when they have to work their butts off and can't have this out of college.  Their parents didn't have any of these things either until later after having worked and saved and invested for decades. [/quote]

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