How Are Americans Really Coping with College Costs?
Motley Fool Answers
The Motley Fool
4.4 • 823 Ratings
🗓️ 17 September 2019
⏱️ 43 minutes
🧾️ Download transcript
Summary
We're joined by Caitlin Zaloom, NYU professor and author of Indebted: How Families Make College Work at Any Cost. Her research explores the financial and moral conflicts Americans face when paying for college.
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Transcript
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| 0:00.0 | This episode of Motleyful Answers is supported by NetSuite, the business management software that handles |
| 0:04.5 | every aspect of your business in an easy-to-use cloud platform. Download their free guide, seven key |
| 0:10.0 | strategies to grow your profits today at NetSuite.com slash full. Also, thanks to Cabbage for supporting |
| 0:16.1 | Motleyful Answers. Get the money you need to run your small business today. Go to cabbage.com to get started. Credit lines subject to review and change individual requests for capital are separate installment loans issued by Celtic Bake member FDIC. |
| 0:29.6 | This is Motleyful Answers. I'm Alison Southwick and I'm joined as always by Bertie Brokamp, |
| 0:38.7 | personal finance expert here at The Motley Fool. You know who doesn't like nicknames? |
| 0:43.7 | Bertrand Brokamp. He does not like him. I like nicknames. I just don't like most of the |
| 0:49.5 | variations on Robert Alley, Southwick. All right, Bob. In this week's episode, we're joined by Caitlin Zillum, author of Indebted, how families make |
| 0:57.6 | college work at any cost. |
| 0:59.6 | And Bro is going to talk about various things. |
| 1:03.1 | So many things. |
| 1:04.1 | So many things. |
| 1:05.1 | All that and more on this week's episode of Molly Full Answers. |
| 1:09.0 | So, bro, what's up? Well, I got a few things and then maybe a little bit of silliness. |
| 1:14.8 | So let's start off here with number one. |
| 1:17.3 | Get paid like it's 1999. |
| 1:18.9 | So as you mentioned later in this episode, we're going to be talking with NYU Professor, |
| 1:23.5 | Caitlin Zloom, about the sacrifices that middle-class families make to send their kids to college. |
| 1:28.5 | So to set the sort of the table for that conversation, let's take a look at how middle-class families and others are doing these days, financially speaking, courtesy of a couple of articles from the Wall Street Journal. |
| 1:39.5 | So first up, an article with the headline, median U.S. household income showed no growth in 2018. |
| 1:47.0 | So according to the Census Bureau, median household income last year was $63,179, which was essentially the same as it was in 2017. |
| 1:57.0 | And that's on the heels of three years of some growth. So it was the first time in four |
... |
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