I agree. In fact I just listed a link
to your article on my Active Investor Blog at Journalspace. But as I said in my comment, I blame the government for doing nothing to encourage savings.
If a home owner taps their equity in the form of a home equity loan for perhaps a kids tuition or something, at least they can write off a portion of their intrest payments on their yearly income taxes.
But on the other hand if the same money is saved to pay tuition the intrest payed on the savings is taxed as ordinary income and is quite a paltry return right now anyway. Yes, this situation may be bad for the nation over all, but I can't say I blame the individual given the circumstances and the cards that the government has dealt them.
Anyway, I thought your article on the subject was very good and should be quite an eye opener for us all.