More and more we see parents spending between $15,000 and $20,000 on their children’s elementary thru High School Educations. Most can’t really afford it but few know what it is costing them. Most of these families don’t have the amount of money they spend on these schools going into their long-term saving accounts. To make matters worse these children aren’t learning to make money to take care of their parents. This current generation of parents will have spent hundreds of thousands to educate their kids and because most waited until their mid 30s to have children they will be less than 10 yrs from retirement when their children’s education is through.
Kids need a great education to make it in this world but for the vast majority of families this platinum private school is costing much more than tuition.
What do you think?