Monday, August 03, 2015

Don't Spend the Kids' Inheritance

Milllennials could need all the windfalls they can get. Steve Ratner in his NY Times column shows how 18- to 34- year olds are financially disadvantaged compared to their counterparts in previous generations.  Most of them won't inherit much, but every little bit will  help.

Postscript: Picked up my Monday NY Times this morning and noticed the print edition was light as a
feather. The paper's future resides online, and the transition is already noticeable. For instance, the print version of Ratner's column was accompanied by only one chart. The online version is graphically enriched.
One of the added graphics shows millennials are poorer than their age-group used to be. Another displays a major reason why.

1 comment:

Jim Gust said...

We are in the midst of an extraordinary price bubble in higher education. Tuitions are far higher than is economically reasonable. That's because parents are not, in general, reasonable about their children's future, they all want the best.

But the current situation is not sustainable. Especially when the very "best" schools, Yale and Harvard, are already free for most students. There is going to be a hard crash in this sector, with a dramatic shrinkage in the number of colleges that are financially viable.