More gov handouts
- Thread starter Spearhead04
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Just a big middle finger to the rest of America. This is vote buying. It will be cancelled after the mid-terms when Joe finds out he can't do this. Smh.
Guess who is still a "hall monitor" over there. 😠
Guess why I'm not over there. 😊
Five guys is paying 20+ an hour and no degree. Yet companies wonder why they cant attract talent.
What is your field, if I may ask? No-skill jobs are now paying $15-$18/hour in hopes they can attract folks to show up.
Memo to file: worker's comp lawyers are not always great businessmen.
Travel and Tourism. Keep in mind those numbers were before the skyrocketing of prices.
We’ll miss you.
Just want to say that it’s nice to have this debate and see folks form all ideologies tell this one dude who’s upset that we’re talking policy to get over it.
This summer my 20 year old son was offered $16-$17 hour for retail jobs, $17 for hosting at restaurants, lifeguard $14.50. He decided to be a server and averaged over $26 hour at a couple restaurants. Made $17K+ or so in less than 3 months. (He was working 60-70 hours a week.
But he was interested in making as much money as possible to fund his 3 month jaunt back backing Europe. Also bought a cheap car with his earnings for when he gets back to take out west where he will work as a ski instructor for the season before returning to school (U of Utah) for the summer. He is deciding on ski instructor jobs paying anywhere from $20/hour plus tips to $31.50 hours plus tips. The lessor amount offers subsidized housing. Aspen/Snowmass is the higher amount, but he will need to figure out housing there. Still has one more interview, so we will see where he ends up.
If you are motivated, you can make a good amount of money with these jobs that require little in training (ski instruction does require some).
In your post immediately above this you advocate for more regulation and administration
While generally I like your last 4 ideas, I disagree with your characterization of college costs. Even with a merit scholarship and going to a state school with low tuition, my son's college education will exceed $75,000. That's for one. Imagine if you had multiple children. College costs have outstripped inflation for decades. Current costs aren't comparable to costs even 1 decade ago, let alone 2-3 decades when most of the parents went to college. And it is the middle class that gets the biggest hits, especially the upper middle class where I reside. Now we saved well and my parents got us started with a good amount, but that is a function of being in the upper middle class. Middle class parents find themselves overwhelmed easily by college costs. And student loans are very important to their children ability to go to college. Wiping $10K off is a bargain for a society that depends on educated workers.
Having said all that, we do encourage too many kids to go to traditional college. Some of those would be better off going to technical school or being trained in things like plumbing, carpentry, electricians (HVAC), etc.
I'm a data guy, so you are going to have to provide some level of data for #3 and #4.
I think you are pushing a narrative here and missing the forrest for the trees.
Here are facts:
1. Going to college has been propagandized to the young as the "only" way to find success as an adult. This is pushed by the entire educational class and the government and hit the working class/middle class hard because of #2.
2. Wages for the middle class has stagnated since 1970
3. College costs have increased more than inflation for more than a generation.
Because of these three facts, college affordability has gone down significantly. Into this void comes government back loans designed to help the middle class send their kids to college (the lower classes have much more in direct subsidies available). But as costs go up and income stays stagnant more and more students lean on more loan $$$. It is the only way it can happen given those three facts.
FYI, not that it matters, it looks like median loan amount is closer to $25K than $20K. 20% of individuals graduate with more than $50K in loans. Only 2% have more than $100K.
I found one study that looked at median debt in Wisconsin and controlled for inflation. In 2010 median debt was $14,500 which went to $17,500 in 2019 an increase of 21%. So, I doubt your assertion that median debt not increasing is correct. I also found average debt by degree type and the largest debt was for those graduating medical school ($191K), second was Law School graduates ($140K), third was MBAs ($89,900) and 4th was Masters in Engineering ($65K) followed by other Master's $63,400 and finally Masters of Art ($62,800). So I think your thesis of bad decisions is overblown as the top 4 categories are the highest income categories.
I enjoyed that article on the UM class earnings.
At public universities, 42 percent have no debt. 65 percent have less than 20K debt. 0. 5percent of public university undergrad degree holders incur 6 fig debt.
Average Student Loan Debt By Year (Graduating Class) | 2021 Edition
We break down the average student loan debt by year for each graduating class and highlight the trend of growing student loan debt.thecollegeinvestor.com
Median student loan debt 2021 = 19K . https://thecollegeinvestor.com/32031/average-student-loan-debt-by-year/
As you've pointed out, masters degrees other (~63K debt), masters of arts (63 K debt). Law school encompasses a massive range with people graduating from schools that have terrible salary payouts with 6 fig debt. Same with MBAs; lots of crappy schools in that mix causing nearly 100 K debt. https://www.nerdwallet.com/article/loans/student-loans/average-student-loan-debt-graduate-school#:~:text=The average total student loan debt of $82,800,who enroll in longer programs — owe $183,200. Average debt across graduate students is about ~80K.
And, take a look at these morons:
https://www.apa.org/gradpsych/2013/11/debt Note this article is from 2013. It's worse now. Check out these as well:
https://pubmed.ncbi.nlm.nih.gov/31800062/#:~:text=The most frequently reported debt range for doctor,as a barrier to their desired practice setting. 120K average debt to be a freaking PT.
Similar story for applied degrees in things like OT or Speech Therapy. or see 150K to be a witch doctor, otherwise known as chiropractor.
Those data encompass a lot of bad decisions.
Also, our middle class has shifted. https://money.cnn.com/2016/06/21/news/economy/upper-middle-class/index.html with expansion of the upper middle class. It is misleading to say wages have stagnated.
Student Loan Debt by Graduation Year [2023]: Total + per Student
An analysis of student loan debt over time in the U.S., including the debt per borrower and the debt-to-income ratio (DTI) among graduates.educationdata.org
Check out the average debt in 2021 dollars. It is marginally more expensive than in 2000 and about 30 percent up compared to 1996.
Still at it on the decisions?????? People make bad decisions all the time, including even you.
And I said wages for the MIDDLE CLASS has stagnated, which is correct.
Of course, but using exceptions to prove a general point doesn't work. Just like the welfare queens buying cigarettes and liquor with food stamps. Might it have happened? Sure. But is it the norm? Not even close.
The mortgage interest deduction for taxable income is a give away, but we as a society decided that encouraging home ownership is worth it even if the wealthy get the advantage when they don't need it.
I think we spend way too much money on "national defense," but I recognize it as what the majority wants to do and therefore accept it as legitimate.
🤔
IRS is one of those things that does create fear...with or without 87,000 new agents. 😱
A discussion on the positive effects of mortgage deductions - if done in a manner that encourages rational discussion and thoughtful listening to an array of opinions - would be interesting. But alas thoughtful and rational are increasingly in short supply.
I don’t know where you live but there’s a job on Indeed for a dishwasher starting at $15 an hour here in Jacksonville. Seriously 😳
Taco Bell about a mile down the road needs high school kids to start at $14.
My friend’s grandson graduated from college last spring and had four offers to start at $50-55K.
The apartment thing is crazy but if you can’t pay cash for a $450K house that maybe has 1400 sq ft then the $1600 apartment is your option. By the demand it’s apparent that not many 28-29 year olds have that much cash saved up.
The investment groups that buying up houses are an enormous problem at least here in Jax. But the proverbial screeching halt is happening.
Both sides are guilty of this buying votes scheme. It needs to be reigned in.
Nothing which is why it's being discussed on the Everything But Sports message board.
A very sincere and heartfelt thank you for being such a reliable Pez dispenser of unintentional chuckles.
God bless.
A nation in debt is a nation enslaved. Most of politics is based on fear, I agree. Along with non-issues like statues and gender that are smoke screens to hide the real skullduggery taking place.
Real change and economic freedom for the American people can only occur when:
1) Abolish the IRS
2) Institute a flat tax, no exemptions, no write offs. Everyone pays the same %.
3) Eliminate the Federal Reserve System
4) Eliminate fractional reserve banking or at least increase the reserve amounts from its current 1 to 10 ratio.
Its amazing that people argue over the deeds of people that lived over 200 years ago and express outrage that their values aren't same as our current values. Meanwhile, banks can charge in excess of 20% interest and have essentially removed the value of return interest on savings, and not a word about it. The American people are lost.
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Yep. I agree, monitors are doing a great job so far. This board is night and day from what it was before the Osceola took over.
Thanks. I'm still not comfortable with the label monitor. Especially on this board. Hopefully we'll be able to generate more traffic soon.
Yeah, but... you're missing the real victories here: we've ripped down every statue that offended someone, we can be non-binary, was born a girl but have the right to identify yourself as "Joe", and Mr. Potato Head, is now called Potato Head.
Meanwhile, the masses of American people are being economically sodomized by both political parties who create issues that divide us and impoverish us....
Sir, in the attitude of gratitude department, just be thankful you didn’t wander over to the UF site and their version of this board… Everything Butt Sports.
Go Noles!
What I am most fearful of is the rampant incompetence the IRS will necessarily hire during this dragnet. There are not 87,000 qualified/competent professionals out there willing to work for the IRS at what the IRS is willing to pay. The sh*t-show is just beginning.
Their “Parking Lot” non sports board is dwindling down to a few Proud Boy types who have been banned on other sites. One is a “Sovereign Citizen” high school dropout, another is a 24/7/365 little tyrant troll, and yet another still thinks at any moment 2020 will be overturned. I rarely go there now.
Cut student loans to 25% of what they currently are, and the bloated overpriced university systems would come back to earth. The higher cost of education has correlated with more student loans.
Warning…. Don’t check your 401ks today. Gonna get your feelings hurt.
It’s been a bloody financial day and year. But all quite predictable to those paying attention. Will get worse before it gets better. Those having significant money in the market should be strapped in.
Depends on what you are invested in....
I dont disagree but many of those with tons of student dept were in his corner already. Must be some other pork attached to this as well.
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