Most have nothing saved. I continue to be embarrassed that I am a millennial, as the ones in their younger 20's don't seem to have a clue. Now we see why things like universal income are gaining popularity.
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Skyrocketing tuition, housing prices, health care costs, stagnant wages...gee.
We just need more tax breaks for the obscenely wealthy.Skyrocketing tuition, housing prices, health care costs, stagnant wages...gee.
Most have nothing saved. I continue to be embarrassed that I am a millennial, as the ones in their younger 20's don't seem to have a clue. Now we see why things like universal income are gaining popularity.
We just need more tax breaks for the obscenely wealthy.
Skyrocketing tuition, housing prices, health care costs, stagnant wages...gee.
Maybe the millennials are just waiting for Jesus to fund their retirement.Every single time. Just stop. The Gov isn't the answer and the savior. Jesus Christ is actually.
I think the point is, they are accustom to a life style that sure as hell isn't the 80s but they live like it is. In a world that bilks every dime where it can. I wouldn't want to be one of them.
Maybe the millennials are just waiting for Jesus to fund their retirement.
While partially true, the "cost of entry" to adulthood is much higher than it has been. College tuition is crazy and housing is going up again.I think the point is, they are accustom to a life style that sure as hell isn't the 80s but they live like it is. In a world that bilks every dime where it can. I wouldn't want to be one of them.
I’m 31 and will retire by 50. Maybe earlier.
While partially true, the "cost of entry" to adulthood is much higher than it has been. College tuition is crazy and housing is going up again.
My dad and Grandpa's generation could get a good enough job out of high school to buy a decent house on one income. Try doing that now ...
Housing prices and student debt are outpacing income and quality jobs.
Even those of us lucky enough to land a good job still piss away $1000+/month in student loans.
Most have nothing saved because of student loan debt. Hard to put money away when your student loans are at 6% and you owe $100,000+ for a four year degree.
Must be nice to ruin the country like the Boomers have done and continue to do while blaming everyone else for the problems they created.
Oh, and they were the parents of these terrible millennials.
We already have universal income for retirement. And people scream about socialism.
We already have universal income for retirement. And people scream about socialism.
SS is your own money
The state used to fund about 70% of tuition in Iowa (I'm pretty sure I have that correct.) Now that number is much less (I want to say around ~30%).Odd that the two items you mentioned both have easy, cheap and nearly unlimited govt funding available to them, I do wonder why their inflationary costs have substantially outpaced the market....hmmmmmmmm.
Sure, and all public funds are your own money. You're a little socialist.SS is your own money
The state used to fund about 70% of tuition in Iowa (I'm pretty sure I have that correct.) Now that number is much less (I want to say around ~30%).Odd that the two items you mentioned both have easy, cheap and nearly unlimited govt funding available to them, I do wonder why their inflationary costs have substantially outpaced the market....hmmmmmmmm.
That means the taxpayers back in the 60's and 70's funded the state schools here in Iowa at a much higher level. The boomers were the generous recipients of that and to show their gratitude said F you to the future generations. How nice of them.
You won’t if the high tax and free goodies crowd gets their way...they will need you to keep producing.
Skyrocketing tuition, housing prices, health care costs, stagnant wages...gee.
You won’t if the high tax and free goodies crowd gets their way...they will need you to keep producing.
Thanks for your concern, but I will be just fine even with some tax changes. I would rather that extra 1 or 2% go to making sure everyone has access to health care or reducing poverty for people who didn’t have the same advantages that I did. I
You can scoff at it but it’s a major factor. And yeah I’ll have mine and my wife’s paid off within ten years because we have good jobs. But the reality is the cost of education is rising much quicker than entry level salaries. The original article is trying to analyze is trying to pose why more millenials haven’t saved. That’s a pretty big reason.I love how everybody is crying about student loan debt. I have student loan debt and in a few short months it will be 100% paid off. It's called hard work and paying your bills. It only took me 10 years roughly.
I didn't go out and have 120K in student loan debt with a major in gender studies.
That hurts but how many are also driving twovnice cars and living in a house pushing $300k in Des Moines.Skyrocketing tuition, housing prices, health care costs, stagnant wages...gee.
All of that is a bit of a fallacy.We could get back to this type of model if people were ok with lesser facilities, smaller enrollment numbers and a higher hurdle of entry into the college ranks.
You can scoff at it but it’s a major factor. And yeah I’ll have mine and my wife’s paid off within ten years because we have good jobs. But the reality is the cost of education is rising much quicker than entry level salaries. The original article is trying to analyze is trying to pose why more millenials haven’t saved. That’s a pretty big reason.I love how everybody is crying about student loan debt. I have student loan debt and in a few short months it will be 100% paid off. It's called hard work and paying your bills. It only took me 10 years roughly.
I didn't go out and have 120K in student loan debt with a major in gender studies.
I’m not talking 1-2%. To properly fund what we do now and then the added programs that some want guys like you and me would be loooking at 20-25% increases. It would
Make a huge dent.
All of that is a bit of a fallacy.We could get back to this type of model if people were ok with lesser facilities, smaller enrollment numbers and a higher hurdle of entry into the college ranks.
You think they didn't have new buildings and "modern" amenities on campus in the 60's, 70's, and 80's? They built new buildings back then that were considered state of the art for that time. Think CHA.
Was the admission to entry that much harder back in the day or did more people just not go to college because they could get good jobs without it? My dad got a job almost straight out of high school at what would be about the equivalent of 45-50k a year today ... at 19 years old. There was less incentive for him to go to school.
The state used to fund about 70% of tuition in Iowa (I'm pretty sure I have that correct.) Now that number is much less (I want to say around ~30%).
That means the taxpayers back in the 60's and 70's funded the state schools here in Iowa at a much higher level. The boomers were the generous recipients of that and to show their gratitude said F you to the future generations. How nice of them.
I don’t disagree. College isn’t for everyone and HS instructors need to make it known other options are out there.The cost dynamics have changed in such a way that many would be much better off with a career in the trades. We have some shortages already and more coming in those areas so they will be ripe with opportunity for very good paying jobs and business opportunities.
The fact is that the growth of the guaranteed federal student loan programs is one of the major catalyst for these skyrocketing college inflationary rates. Unless you are a science denier the. I guess you can believe whatever you want.
I'm not denying that. It is certainly a factor. I still think state funding is the biggest factor but yes you make a good point.The fact is that the growth of the guaranteed federal student loan programs is one of the major catalyst for these skyrocketing college inflationary rates. Unless you are a science denier the. I guess you can believe whatever you want.