Anonymous
05/09/2022 13:36
Subject: Is it messed up to not save for your kids college even if you can afford it?
Anonymous wrote:College will be around 500k each for kids born today
It will not. It will reach an inflection point (if it hasn't already) where it's just not worth it. Factor in technology skills which can be better learned elsewhere (not college) combined with mass scale automation, college in 18 years will be something entirely different.
Anonymous
05/09/2022 12:09
Subject: Re:Is it messed up to not save for your kids college even if you can afford it?
Anonymous wrote:Anonymous wrote:It's very irresponsible because your child has to turn in a FAFSA that takes your income into account. So you being high-income but not saving puts your child on worse footing than the poor. Unless you plan on being like one of those sad 70 year old boomers still toiling away because of "college costs"
Working at 70 isn't sad. Lots of people will probably live to 100 now. That's 30 years to goof off. Better to work until you really can't anymore.
+1. My dad still works (consulting) at age 80. My mom (age 75) has her own business and still works. They do not need the money. They are bright, active, happy, and healthy. Meanwhile, my in-laws are fully retired and seem to be bored and kind of grumpy.