Costs of college have risen faster than inflation
The Economist posted THIS today which compares the growth in the cost of college since 1978 to housing prices, wage growth, and consumer prices. The bottom line? The cost of college has risen much quicker than wage growth. If you’d like to help your kids with tuition expenses then you’re going to need to start early to take advantage of compound interest. Contact a financial planner today to learn more about your options.