Yes, the fear occurs for everyone. My biggest fear is the current unfunded liability of my son’s education. We plan on sending him to private school starting in 7th grade (currently 36k/yr), then the private college of his choice (currently 75k/yr) and our 529 education savings are only 150k. He turns 2 in Feb so we…

Using bank’s money, debt, is advantageous when the borrower has great credit, thus a low interest rate, and a higher yielding use of their own capital - essentially arbitration the debt vs the investment yield = profit.

Born in 1984, married, 2yr old son, and we save a lot while enjoying life.