Quote:
Originally Posted by Sue Doe-Nym
This thread really makes me feel ancient, which isn’t too far from the truth. As college graduates in 1961 and newlyweds around then, our combined income was $10,000 and we saved all of mine, some of his, and were able to purchase a charming but tiny stone house in a short time period. We were able to educate two children without loans. The reason I bring this up is that the goals we were able to attain back then aren’t within reach of so many right now. Education expenses are not even close to being in step with inflation, but are multiples higher than the value of today’s dollar vs. that in 1961, for example. I have worked this out using 1961 tuitions vs. today’s with various institutions, and the results are astonishing to me. No wonder people are discouraged.
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You likely could buy a new house back in 1961 for $25,000 or so.....