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> 75k a year is not affordable at all to a household making 150k a year. After taxes that's nearly all of that home's take home pay. Hopefully, American making
by xyzzyz 4y ago
> 75k a year is not affordable at all to a household making 150k a year. After taxes that's nearly all of that home's take home pay.
Hopefully, American making $150k/year heard about savings, and can also predict the expense of college, and can plan for it in advance.
- prepend 4y agoThis is such horseshit. First, the $150k is at the time of child’s application, not over their entire life. Second, college tuition has been increasing at highly variable rates so I doubt anyone would have guessed that tuition would increase 8%/year for 18 years. Third, four years of Dartmouth tuition is $300k. Let’s graciously say the average income over the kid’s 18 years is $100k. That means that that parents would need to save $16k/year or 16%. There’s no tax deferred program that allows $16k/year so factor in tax dollars. Fourth, families frequently have multiple children. So if they have two, you think parents should save 30% of their income for college? Or if 3, 45%? It’s funny how people imagine $150k is some massive amount of money. And it’s a decent living, but it’s not something that paying an extra $6k per month is possible.
- kaesar14 4y agoI've stopped bothering to argue this commenter, it's clear they think that an engineer making 150k a year supporting a family is the same as Jeff Bezos.