Most teenagers who work part time and live in middle class families aren’t really doing it for the money, by the time you take into account car insurance and another car payment, the parents could just give the kids money.
Most of the time the teenager is either getting a hand me down car from the parents and the parents buy a new car or they buy their kid a cheap car.
My son won’t be going to an expensive college. He will be going to a two year state school close to home, living at home and then transferring. We will be paying cash.
When students acquire student debt to go to an expensive college, or get the same money from their parents, they do so because they expect to come out with a benefit over going to a state school.
And, maybe unfortunately, given some due diligence, that decision is still most likely the correct one. And yes, there are fraudulent schools and diminishing returns etc.
scarface74|7 years ago
Most of the time the teenager is either getting a hand me down car from the parents and the parents buy a new car or they buy their kid a cheap car.
My son won’t be going to an expensive college. He will be going to a two year state school close to home, living at home and then transferring. We will be paying cash.
bayesian_horse|7 years ago
And, maybe unfortunately, given some due diligence, that decision is still most likely the correct one. And yes, there are fraudulent schools and diminishing returns etc.