Like home ownership, it’s psychology and a lifestyle choice. Let the arithmetic “set you free”. {{ LOL }}
Why pay full price for MIT if your smart kid can get a free ride at another top school?
{{ Right now, the upper middle class is in fierce competition for a marginal improvement in lifestyle. They’re working more and relaxing less to purchase products and services with clearly declining quality. It’s a financial arms race that doesn’t make any sense. }}
I’ve found that the ultimate luxury in early retirement is that there’s nothing I have to do and nobody I have to report to. I’m guessing that a lot of people see that as a psychological problem.
intercst