College is expensive. Here is the cost of college now v 30 years ago when our parents would have been in college.
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The cost of getting a college education has gotten out of hand. In 2022, about 46 million Americans have student loan debt, totaling nearly $1.75 trillion in total debt. And to put that into perspective that’s somewhere between the size of Italy and Canada’s total economy. As of 2022, the average student loan debt in America is $37,013, with the average monthly student loan payment being $300. And up until the pandemic relief measures, 11.1% of student loans were 90 days or more delinquent or were in default.

Going to college nowadays can be incredibly expensive, but you might have figured out from talking to your parents that it hasn’t always been that way, has it?

So I decided to spend just a few hours (more like 15 hours lol) taking a look at historical college tuition data, inflation data, and income data and running some calculations to find out what the cost of attending college is today in 2022 compared to the cost of going to college 30 years ago, which is when most of our parents would have been in college. And what I found was pretty mind blowing to say the least, so stay tuned to find out...

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Everything in this video is of my own opinion and could be wrong. I am not a financial adviser. These videos are for educational purposes only. Investing of any kind involves risk. While it is possible to minimize risk, your investments are solely your responsibility. It is imperative that you conduct your own research. I am merely sharing my opinion with no guarantee of gains or losses on investments.