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View Diary: The Bifurcated Recovery (193 comments)

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  •  My husband and I disagree (2+ / 0-)
    Recommended by:
    Odysseus, Pozzo

    about this.  He is all about planning for our daughter (4 years old) to have a college education.

    I see things differently.  College is an investment like starting a business.  None of us can really see the future, but it makes sense to estimate the amount of the investment vs. the expected return.

    If we continue on a downward trend then I expect fixing things to be a good bet for steady employment.  Right now it doesn't make sense to repair a lot of things since repair costs as much or more than replacement.  

    If wages remain flat, inflation continues, and the dollar is weak vs. other currencies then that will likely change.

    •  If you are capable of college (1+ / 0-)
      Recommended by:

      in terms of affording it and doing the work, you should go that route. It's still a worthwhile investment. Plus, there's nothing to stop you from then going to tech school if college doesn't yield suitable employment. If you go the tech route and echew college, you could find yourself without the credentials to get the jobs you  need and it's hard to get them later in life.

      •  I'm by no means opposed (3+ / 0-)
        Recommended by:
        Pozzo, BYw, JesseCW

        to our daughter going to college if that is right for her.  I just think we should focus on other savings first.  

        Dear daughter can hopefully work and/or get loans if she needs to.  

        Admittedly said saving are purely hypothetical right now.

    •  without college your daughter will be poor (0+ / 0-)

      today's young need college, your daughter will probably need a graduate degree to be middle class. The world keeps spinning -- everything is becoming more high tech.

      Without the needed education, your daughter will be left behind.

      •  Oh, Horseshit (0+ / 0-)

        God I hate the "your life will be hollow" if you don't go to college crap.

        Guess what, lots of people with a college education are being "left behind," with the added bonus of carrying tens of thousands of dollars of student loans on their backs until they in their 40s.

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