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.
The quote highlights the absurdity of the cycle of education, where parents invest in their children's education, only for those children to grow up and invest in their own children's education. The quote pokes fun at the idea that a college education is a guarantee of success, as the son's education is simply a continuation of the cycle.
The quote is a commentary on the societal pressure to pursue higher education and the perceived value of a college degree. It suggests that the pursuit of education is not necessarily a means to an end, but rather a never-ending cycle.
The quote is likely a commentary on the post-war era in the United States, where there was a growing emphasis on higher education and the middle class sought to improve their economic prospects through education.
Bill Vaughan was an American humorist and writer, best known for his humorous essays and quotes. He was a regular contributor to the Washington Post and other publications.
The quote can be seen as a warning against the over-emphasis on education as a means to success. It encourages individuals to consider alternative paths and not get caught up in the cycle of education.