THE RISING PRICE OF EDUCATION
It’s back-to-school time, and many parents are busy figuring out how to pay for school-related expenses. We thought you might find this breakdown on education spending interesting and well, educational.
College Costs
$25,313 – Average amount families spent on college in 2022
54% – Percent of which came from family savings and income
26% – Percent of which came from scholarships and grants
18% – Percent of which came from student borrowing
Source: SallieMae, 2022
Supplies & Shopping Costs
$1,367 – Average planned spending per household in 2023 for back-to-college shopping
$890 – Average planned spending per household in 2023 for back-to-school shopping
$94 billion – Total amount expected to be spent on college shopping in 2023
$41 billion – Total amount expected to be spent on back-to-school costs in 2023
Source: NRF.com, 2022
All information has been obtained from sources believed to be reliable, but its accuracy is not guaranteed. There is no representation or warranty as to the current accuracy, reliability or completeness of, nor liability for, decisions based on such information, and it should not be relied on as such.
AXIOM NEWS
Annual Client Appreciation Donation
Each year Axiom makes a commitment to give back to the community with a donation to a charity, a cause or victims of a catastrophe.
This year our donation feels very personal, as it’s tied to a dear member of the Axiom family. Our CEO, Vaughan Scott and his wife, Jill, have been supporting their eldest son, Evan, as he deals with a recent cancer diagnosis.
Evan’s first symptom, soreness in his leg, was thought to be tied to the 20-year-old’s very active lifestyle, which includes playing a variety of sports.
When the pain persisted, the Scotts pursued every medical avenue available, finally ending up at MD Anderson Cancer Center in Houston. Evan was eventually diagnosed with aggressive diffuse large B cell lymphoma (DLBCL), a type of non-Hodgkin lymphoma. “Thankfully, and most importantly, this is now a curable cancer, and this type of lymphoma responds well to chemotherapy and radiation,” says Jill.
Evan is now showing tremendous strength, courage and optimism as he battles the cancer. Through it all, he’s also maintaining his great sense of humor. At one point, he even gave a name to his IV pole that he’d been continuously carrying around. Evan named the pole Walter, after a character in one of his favorite TV shows, Breaking Bad.
In support of Evan and his entire family, Axiom has chosen to donate to the Leukemia & Lymphoma Society this year. If you or someone you know would also like to make a contribution, you can go here for more information.
The Scotts are so grateful for those of you who have reached out. They’re also thinking of their many friends and family members who have faced or are currently facing a battle with cancer, particularly breast cancer. They suggest that anyone wishing to make a donation to help that cause can go to the Breast Cancer Research Foundation. The road to a cure for all cancers is paved with so many hopeful and generous people.
In the meantime, all of us here at Axiom are keeping the Scotts in our thoughts and looking forward to Evan’s cancer-free future. If you’re interested in following Evan’s progress on the CaringBridge website, you can email [email protected] for information
on how to do that.
The Sights of Singapore
Last month we told you about the nine-day trip Vaughan took with his graduate students from the University of Louisville College of Business. After visiting Vietnam, the group headed to Singapore, a tropical island in Southeast Asia, off the southern tip of the Malay Peninsula. Singapore is the only place in the world that is a city, a capital and a country. Click here to read a Q&A with Vaughan about this fascinating adventure.
Axiom Survey Winners
Congratulations to the winners of our recent survey, where we asked clients for feedback regarding their knowledge of and familiarity with various financial service providers. Your valuable answers will help our team improve the services we offer you. Three lucky entrants won $100 VISA gift cards in a drawing we conducted after the survey closed. Congrats to Dava Day, Mary Denise “MD” Smith and Richard Robinson. And thank you to everyone who participated!
9/11 Memorial Event
September 11
Mission BBQ opened its doors on September 11, 2011. Ten years after our world changed forever, two friends who were passionate about BBQ and our country wanted to run a business with meaning and purpose. In addition to raising money for soldiers, veterans and first responders, every September 11th they hold a memorial event to honor those whose lives were lost and impacted. All active and retired first responders will receive a free sandwich that day. There will also be multiple vehicles for the public to see and time to talk with the first responders themselves. 1213 Veterans Pkwy., Clarksville, IN. 11a.m. to 1 p.m.
SEPTEMBER HAPPENINGS
WorldFest
WorldFest is Louisville’s premier international festival featuring performers from all over the world alongside national and local entertainers. You’ll also find a vendor village with 150 international-themed arts, crafts, merchandise and food booths. There will be a WorldFest Happy Hour aboard the Belvedere the day before the festival begins. WorldFest runs September 1-4 at 5th and Main Streets. Go here for more info.
Brunch Walk
Sip, taste and explore downtown Louisville at the Downtown Brunch Walk. Enjoy live music, brunch cocktails and small plates at each of the participating venues. Must be 21 years of age or older to participate. Sunday, September 10 from 12 -3 p.m. TIckets can be found at this site.
WICKED
WICKED, the Broadway sensation, looks at what happened in the Land of Oz…but from a different angle. From the first electrifying note to the final breathtaking moment, WICKED, the untold true story of the Witches of Oz, transfixes audiences with its wildly inventive story. The play has been hailed by The New York Times as “the defining musical of the decade.” September 20 through October 8 at the Kentucky Center. Buy tickets here.