Almost 300% increase in 11 years...nice.
In the equity market those returns are exceptional. In aggregate debt, it’s an unmitigated disaster.
It’s hard for me to relate to the expectations of the current H.S. graduates. My little 16 year old daughter graduated Valadictorian of the Senior class, won a small scholarship to the local Memphis State Univ. and promptly got a job waiting tables in a bar where she was not old enough to drink. She paid her own way through to graduate with her B.A. Out of school she continued to work as a waitress and save her money. She moved up to manager of a high class restaurant. After 3 years she returned to college in N.C. and received her M.FA and promptly got a job as a professor of Theater & Drama in a well known college. So she worked alone and financed herself through to her dream, because we told all of our children that if they wanted to go to college it was up to them to find a way to do so because we couldn’t afford to. 2 of them did just that. It can be done if parents would make clear to them that they have the ability to do anything they want if they are willing to work for it.