“Millennials rarely have time for lunch, let alone far off things such as sending their future children to college. However, as tuition costs continue to outpace wage growth, the Millennial generation may not be able to afford their children’s college tuitions.” …
http://college.usatoday.com/2015/09/01/millennials-childrens-college-educations/
I’ll wager the bubble will burst and a cheaper eCollege option will be created before children of Millennials are priced out of an education.
Let’s hope so anyway!
I question the “rarely have time for lunch” part…but it scares me enough that after my kids are done with college, I hope I can leave enough to them to send their kids to college when the time comes, or if I’m still here, help with tuition.
I don’t think my kids will be as successful (monetarily) as their dad and I. It’s too hard nowadays. I hope I’m wrong.
Unless the tuitions of the many, many community colleges in the country somehow go through the roof, there is not reason to expect that millennials won’t be able to pay to educate their kids somewhere.
They just won’t necessarily be able to send their kids to the kind of institution that they wish they could. Which is not news at all. Many of us couldn’t. Many of our parents couldn’t.
I thought it was today’s parents who can’t afford to send their kids to college like when we were the teens.
Somehow I think things will do a correction. Can’t see stating the wage gap will increase like it did from our youth to now either. But- my mom’s same public flagship was $54, mine 10X hers and son’s 10X mine. But the nickel candy bar also increased tenfold since my childhood. My minimum wage college job was $1.65- but, hmm, no wonder they want a $15.00 minimum wage…
It makes no sense to say such a thing, since if hardly anyone can afford to send their kids to college then are all the colleges supposed to go out of business?