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For instance, a four-year public college in 1977 cost $8,000 vs. $20,000 today, while median incomes have stayed flat at $34,000 over the same time period. Medi
by gbacon 8y ago
For instance, a four-year public college in 1977 cost $8,000 vs. $20,000 today, while median incomes have stayed flat at $34,000 over the same time period. Median debt has risen from $10,000 to $33,000, while the percent of those 30-year-olds who own homes has dropped from 48 percent to 39 percent since 1977.
So many questions. At least there was no mention of Oregon Trail!
* Comparing distributions of income would be useful.
* The lower rate of home ownership could indicate increased time-preference. I’m curious to know the categories of debt in both time periods.
* The article shows the increase in state-school tuition but not private. Are millenials who attended college more or less likely to have attended State U?