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Ben Folds/Nick Hornby: From Above

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iossarian12/08/2010 5:55:15 am PST

re: #80 sattv4u2

Sorry ,, I took your 50K figure (from your #75) as being a PER YEAR tuition ,, not what the families “debt” would be for all 4 years

Oh, fair enough. My point was that, in the 70s, you could reasonably expect to send your kids to a good college if they qualified, and not have to pay too much for it out of pocket (GASP).

Now, you’re $50K worse off, per child, than you were then. And your income hasn’t gone up in inflation-adjusted terms to compensate. Oh, and if you get sick, you might just lose the house.

In other words, you’ve been had.

But, hedge fund managers are doing great! And all that wealth is trickling down on you! Doesn’t that make you feel better!