U.S. consumers expect that college costs will increase almost as much as health care costs over the coming year, both rising at roughly three times the median rate for overall inflation.
According to the latest New York Fed Survey of Consumer Expectations, the median cost of college is expected to rise 7.2% while health care costs jump 7.8% and overall inflation increases just 2.6%.
Even this moderate growth in overall inflation expectations, which is the lowest reading since late 2017, isn't as positive as it seems.
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