"Hey, some of these folks are still supporting their kids and grandkids, too"This topic has been discussed here since the FundAlarm days. Some folks are not headed back into the investment sectors and current policies will cause them to pay a price. 'Course, returns on savings, checking and CD accounts will only leave less money to spend into the economy. A big nasty circle of less spending remains a scenario. One should also keep in mind, that baby boomers have access to and/or control a great deal of potential spending in this country.
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...Nope. Doesn't appeal to me, and evidently, not to a great many others, either--- whether it is a spiritual discipline or not. I ran into something a while ago suggesting that when making spending decisions, it's better to "invest" in travel and new experiences, rather than buying STUFF. I can only agree. My path has not by any means been the standard one through the years, I hasten to add. I was a professional student for longer than most folks would consider to be even conceivable, in this world or the next. So I had no NEED for a house. That's everyone's biggest expense, no? ...As for paying for a child's university costs: I'm glad my son is going the Community College route.