The rising costs of college tuition are a major concern for parents today. A recent post in the subreddit r/ChubbyFIRE highlights the shock of a Redditor learning that some families have saved over $200,000 per child just for college expenses. This trend reflects the growing financial challenge of affording higher education, especially as annual tuition for in-state schools now averages $11,000. The conversation emphasizes the importance of planning and saving for college amidst concerns about overall financial security and retirement.
For one Redditor posting in r/ChubbyFIRE, there is a question about how much parents in this financial category expect to spend on college.
This individual is specifically asking because they were shocked at some parents indicating they had saved over $200,000 per child just for college purposes.
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