The costs of childcare and college have outpaced wage increases in the past 20 years. So, a growing percentage of a family’s budget is spent caring for children, including paying for educational opportunities, like extracurricular activities as well as college tuition, in hopes of propelling kids toward a sustainable economic prosperity.
Yet, as more of the family income is spent in raising children, less is saved or invested to accumulate wealth. Thus, each successive generation is less likely to earn more than their parents, counter to the initial investment in children’s development and education.
For more information about how to both plan for and navigate the complex college admissions process in order to minimize the risk of educational malinvestment, contact Creative Marbles Consultancy at [email protected]
