Quote by Bill Vaughan
Economists report that a college education adds many thousands of dollars to a man's lifetime income - which he then spends sending his son to college.
Summary
This quote humorously reflects the cycle of investing in education. It highlights the economic advantage of obtaining a college degree, as it supposedly increases an individual's lifetime earnings. Paradoxically, the quote suggests that these increased earnings are often reinvested by parents in order to provide their own children with a college education. This perpetuates the trend of higher education being seen as a valuable investment, with the implication that parents are willing to sacrifice a significant portion of their own income to ensure their children receive the same economic benefits.
Topics
Education
By Bill Vaughan
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