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College and University Discussion
Reply to "I’m really surprised how many people don’t save for college"
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[quote=Anonymous][quote=Anonymous]It's because they want to keep up with the Jonses and the Jonses never mentioned college savings. [/quote] My blue collar "some college" in-laws in the Midwest. They have two kids the same age as our teens and they don't save a cent. They make about $150K HHI and look like a typical middle class suburban family with new American SUVs in the driveway, muscle car, pontoon, even the 17 year old son got a brand new $30K car which they leased. They don't think kids should get family help with college because they never did. They believe kids can take out loans and pay their own way. I can never tell if they're just ignorant or it's just to rationalize that they have no self control with their spending.[/quote]
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