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Are You Financially Better Off than Your Parents?

These stories are great.



One quick edit: Looking back, I can't underestimate the impact the GI Bill ultimately had on my family. My dad went to college on it, BA and MA. It still paid his way for clashes to get certified as an administrator more than 20 years after he left Army in 1946.

He got a GI loan so he could buy our house in the town I grew up in, even though he was making only about $3500 a year as a full-time teacher.

Other than Social Security, the GI Bill might have been the greatest law pashed in the 20th century.

I agree about the GI Bill. My Dad graduated from high school and was bouncing around working jobs in Chicago. His parents did not believe in college. My Dad got drafted during the Korean War. Like many other draftees of that war he suffered from the harsh winters and feelings of isolation (He was stationed in the Upper Peninsula of Michigan and never saw any combat but he said the winters were hell). When he returned to Chicago he got a degree and was able to marry, have two kids and but a three bedroom house within three years.

My mother used to say she had no idea what my Dad would have wound up doing without the GI Bill.
 

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