A friend told me their financial advisor told them that based on current projections it will take $1 million USD to send their baby to college. I don't think that's gonna happen... something's gotta give.https://twitter.com/AustenAllred/status/981723572665274373 …
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Replying to @wellerstein
$1 million just to send their baby to college, or the total cost of raising a child and sending him or her to college? The latter sounds more likely.
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Replying to @dawnstover
Tuition and fees for a 4-year private school can easily be >$200K right now; that is ~600% growth since 1980, about ~7.5% per year. If that continues then in 18 years it would be $680K. So not too far off from $1M...
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Replying to @wellerstein @dawnstover
(But I don't think that's going to happen; I think we're near, or approaching, some kind of tipping-point of one form or another. )
11:56 AM - 6 Apr 2018
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