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by holaamigos
6192 days ago
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Its very bad comparison. A couple of problems: the comp is purely of retirement savings, however the college kid is spending more on consumption per year all through his life (not considered), also the assumption of 8% returns is unlikely. Stay in college kids! |
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The interesting question isn't how much retirement savings you'll have at the end, but how much "net return" you get from the college degree.
I'd like to see a Net Present Value calculation of the two choices instead of some flaky calculation assuming a fixed 5% savings rate.