The middle class, and those aspiring to the middle class, families are incurring ever increasing amounts of debt to pay for consistently rising costs of attending college which many believe essential to achieve economic prosperity. Subsequently, to compensate for stagnating academic achievement in order to compete for college admissions, middle class parents are spending on…
Tag: Generation Y
“The More Things Change, The More They Stay The Same”
One hundred and sixty years ago, Henry David Thoreau wrote, “You may say the wisest thing you can, old man – you who have lived seventy years, not without honor of a kind – I hear an irresistible voice which invites me away from all that. One generation abandons the enterprises of another like stranded…
The Worth of Wealth
What is wealth? The Urban Institute recently reported that the average net worth of today’s 29 to 37 year old has fallen 21% in comparison with previous generations since 1983. On the surface, this idea of “less wealth” may seem like a bad thing, as generally, I don’t like to be “less” at anything. However,…