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Why You're Feeling Broke

By Dennis Byrne, Chicago Tribune - February 26, 2013

How glad I am that I'm too old to be starting a family.

Today's young couples are facing impossible financial expectations and demands. I was reminded of that when a friend told me that her son's college education was costing $54,000 — a year.

That's more than I spent some 20 years ago for my two children's entire college educations. I can only shudder when I think what they'll be paying when their children — six of them, a toddler up to a sixth-grader — get to college.

I paid for some of my children's college educations with home equity loans, but with the housing market's evaporation, that's a less significant option now. 

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