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Think of all the things your parents could afford that feel totally out of reach for your generation.
What were they and why have they become so inaccessible to us?
Letsfocus on these big ones.
It was an accomplishment, but not an uncommon one.
Today, many people cant afford to buy a home let alone do so without being seriously financially strained.
Now its more than $400,000, an increase of over 400%.
Boomers had lower prices, and lower interest rates, working in their favor.
Youd have to travel back in time to believe it.
In 1990, theaverage undergraduate feefor a public university was about $3,800, Kullberg said.
Its currently about $10,740 an almost 300% increase.
Why has the cost of college tuition soared in recent years?
Kullberg pointed to a rise in administrative costs, cuts tostate budgets and inflation.
Today, that simply isnt a reality for most students.
Healthcare
The costs of healthcare have also astronomically risen over thelast couple decades.
Our parents could better afford it because the system worked more in their favor.
Parents would literally check out of life for two weeks and go off to some resort with their kids.
That seems completely impossible for most of us today.
It puts a strain on families.
Planning any vacation has become a big financial decision and not everyone can do it, Arsic said.
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