@PurpleTitan No I agree. There was a sweet spot in the 70s and 80s during which you could really gain some ground. College was more affordable. When I started at my state university, the cost for everything (room, board, tuition etc.) was $6000 a year. By the time my sister went to the same school, six or seven years later, the cost had doubled. For me,paying back loans was easy. I think my first job’s salary was 42-45 k a year. Opportunity was slipping away in by the early 90s.
I think things will get worse. As you said the divide will be greater. I’m just concerned that education has become this sacred cow. An arms race that starts at preschool where parents feel pressured to send their kids to the best private options to learn their numbers and letters or else they get left behind.
For kids launching right now, if we spend twice or four times the amount for a college education without any significant ROI, how does that impact the future? The half a million you keep in investments to be later inherited, think what that means for a family’s prosperity. It kind of seems like we’re being scammed sometimes. To be happy now or happy later???