True Cost of Public College Education in California up 17x since 1980
From an article with possibly the longest title I've ever seen: "Financial land of perpetual bubbles – California technology, real estate, and now higher education bubbles. In 1980 the median California household income would have purchased 17 UC bachelor’s degrees. Today it can barely purchase one UC degree."
It's not really even necessary to read the article after a title that descriptive, but there's a lot more meat there.
Here's an excerpt from DoctorHousingBubble.com:
This chart is simply to show the trajectory of prices. As you can see California had a housing bubble in the late 1980s and early 1990s that led to lower prices in subsequent years. This dip was short lived and home prices entered into the mother of all housing bubbles peaking out in 2006. You notice this early crisis in the 1990s also caused UC fees to rise sharply. Ironically once we entered into the technology bubble UC tuition actually dropped for a few years even though the cost of education was rising. Why save for a rainy day right? Keep in mind that tuition at this time was hovering around $3,000 per year.
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