Anonymous wrote:
Anonymous wrote:
Anonymous wrote:Lol, with middle schoolers, for example, you should have amassed $200K per kid by now
$350K per kid to be somewhat safe
Who is “you”? You realize not everyone is UMC, right? You really think the average American has 200k saved per kid? We don’t and we are still taking trips. Not too far away places and luxury resorts, but domestic and a couple of international ones. Not everyone is loaded Susan.
You don’t have to be “loaded” to save for college. Twelve years ago when my spouse and I were each making under $50k, we started saving for college for any future children we might have. Just putting aside $200/month. Our children are 8 and 6 now and we have $125k and $100k in each kid’s account. It’s a start.
You are so out of touch with the average person’s situation. The majority of people on EARTH will never even have that much saved for themselves, much less for each of their kids college funds.
Honestly, college funding for your kids is a rich people thing. Poor and middle class parents (I’m in that bucket) maybe save up or cash flow as much as they reasonably can, and let the kid rely on scholarships, loans and other financial aid like work-study and grants for the rest. Many kids also join the military to get college funding.
Kids with large college funding from their parents are the exception, not the rule.