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Right now trade schools are actually providing a better cost to income ratio than college.
It’s anecdotal but my friends in the Boston area were all making 120-150 in salary plus bonus before I was even out of school and I started in software at 65k and didn’t break into that level for another 4 years. Now I make 230 but they’ve all got houses and decked out retirement funds from having that good money when they were much younger. That extra 20-30k/yr in 401k and IRA funds with 5-6 years more growth time in the market isn’t something to shake a stick at.
Yeah the break even point is like the early 30's, even among people who are killing it in either path.10 years of $100k+ in your 20's won't be able to build up enough of a buffer against $200k+ after 30, when retirement ages are around 60.
It’s actually harrowing how little I have in retirement savings compared to them. I spent the first 6 years of my career paying off loans and only contributing up to my employers match. I was illiquid for multiple large economic events while they had cash laying around. They could buy cars when interest was zero. They had a house to refi when interest was zero. I feel like a millennial describing boomers but these are guys in their 30s who went to trade school.
For me to catch up I have to put money almost entirely in taxable accounts where their money and returns are shielded from taxes. They were actually able to use a Roth for many years where I was only real able to max one out for two years before my promotion put me out of eligibility.
The earlier you are in a market, the better off you are and trades put you into the market almost 10 years earlier than someone taking 4 years of college and then having 4-6 years of loan payments