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Monday, October 22, 2012

10 times increase of college costs over 30 years?

I know there are some friends who still have young kids. Don't want to scare you but thought you at least should be informed what is going on regarding inflation, especially related to college costs. Just read something which could be interesting to you. See here. The text below pointed to a 10 times increase of college costs in the past 30 years. What will happen in the next 30 years? I bet it will only be worse. Be prepared!

If you are looking for out-of-control inflation in the US, look no further than the college and hospital next door. The CPI data show that college tuition and fees have increased 1,036% since January 1979 vs. 546% for Medical Care Goods & Services vs. 238% for the overall CPI. In other words, college costs have more than quadrupled relative to the CPI over this period, while Medical Care has more than doubled relative to the CPI.

1 comment:

  1. Could you please predict when is a good time to buy in some GLD? It is going down, but not sure at what price range it is good to buy in. Thanks

    ReplyDelete