[jimjamuser]

Originally Posted by nn0wheremann

Perhaps the measure of wealth, Federal Reserve distributional accounts, is wrong. One of the most expensive purchases many people make is education and training. My bachelor’s degree from the University of Missouri cost about $10,000 over four years. My MBA from Southern Illinois cost a similar amount 15 years later. My education is worth, by FASB rules, about $20,000. My Millenial daughters each have educations that cost $80,000. By Financial Accounting Standards Board rules, right out of college their assets were four times that of their Boomer father.

So much for statistics!

Possibly, but you need to convert their education costs downward due to constant dollars. or yours upward to make a realistic comparison. The value of money changes over time.