The education bubble and retirement

Parents Forum
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<p>One of my former grad school profs posted these on his FB today and I didn't think I'd seen it here. Really hits home on the potential education bubble, the effect on retirement savings and the crazy rate of inflation for college compared to other costs within the CPI (Consumer Price Index)</p>

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“A true bubble is when something is overvalued and intensely believed,” he says. “Education may be the only thing people still believe in in the United States. To question education is really dangerous. It is the absolute taboo. It’s like telling the world there’s no Santa Claus.”

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<p>Doug Short blog: Inflation</a>, The Education Bubble And The Odds Of A Disastrous Retirement </p>

<p>Mish Shedlock's analysis (referred to in Short blog:) Mish's</a> Global Economic Trend Analysis: The "Education Bubble"; Student Loan Debt Passes Credit Card Debt, Expected to Hit $1 Trillion </p>

<p>and Peter Thiel interview (referred to in Shedlock's post:) Peter</a> Thiel: We’re in a Bubble and It’s Not the Internet. It’s Higher Education.</p>

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<p>This is being discussed on another thread:</p>

<p><a href=“http://talk.collegeconfidential.com/college-admissions/1126213-peter-thiel-higher-education-bubble-6.html[/url]”>http://talk.collegeconfidential.com/college-admissions/1126213-peter-thiel-higher-education-bubble-6.html&lt;/a&gt;&lt;/p&gt;

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<p>^^^See, this is what happens when you don’t stray from the Parent’s Forum :)</p>

<p>Thanks MD Mom!</p>

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<p>Gotta check that latest posts one some times. :)</p>