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College and University Discussion
Reply to "making $250-$400K in NW DC and paying for college out of Wilson High school or similar"
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[quote=Anonymous][quote=Anonymous]Because the basic overhead of life (food, shelter, utilities, transportation, medical care) necessarily consumes a higher percentage of the HHI of lower-income families. Even as they spend less to meet these needs than UMC do. Basically, at a certain level of affluence, typically a higher percentage of expenditures are discretionary. The same logic is used to justify progressive taxation. And, in the college tuition case, if you have unusually high non-discretionary spending, that may be taken into account. [/quote] I hear you. Perhaps it comes down to what people view as "discretionary". Private school when the publics are bad? Really high mortgage payments? Dance lessons? Travel sports? There are many un-sexy ways for high HHI folks to burn through their cash....and then find themselves in the donut hole. I don't think they deserve the I-told-you-so. Full disclosure: this isn't my situation.[/quote]
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