Re: 20 Most Stressful Events For Millenials
Posted: Wed Mar 20, 2019 5:40 am
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Plenty of millennial parents were boomers considering the generation started in 1980... heck I’m a 1990 and both my parents were boomers...Steve Korvette wrote: ↑Wed Mar 20, 2019 6:57 amSeniors can always hire the Millennials to change our diapers, And one more job not being exported to China. But we have to find a Millennial that isn’t ignorant or arrogant. The Millennial Generation is the most stress free generation everything has been given to them on a silver plater. And don’t blame the Boomers for that, Blame the Gen X’ers your parents. Oh! Forget them changing our diapers they probably would screw that up.
Bryce, Great point, No one told them to go to college. It’s all simple if you have debts you pay your debts don’t blame the economy or the generations before you for your financial misfortune.
For days?audiophile wrote: ↑Tue Mar 19, 2019 6:18 pmSocial media is stressful for young people if you let it be. In the old days it was one thing to be teased in school by someone, where several might see it, but at least you went home and got a break.
Put the same thing on social media and thousands could see it with torment continuing all evening and for days.
It's no wonder the teen suicide rate is high.
This isn't a one-off isolated incident of someone going into debt because they made a bad investment in their education. This is a systemic issue affecting an entire generation, universally. Vic did the math a few posts back. I'm not looking to socialize higher education, or offer "free" education. But we have to wrangle in these costs. We don't even know WHY the cost of education continues to soar.Steve Korvette wrote: ↑Wed Mar 20, 2019 1:00 pmBryce, Great point, No one told them to go to college. It’s all simple if you have debts you pay your debts don’t blame the economy or the generations before you for your financial misfortune.
So if I keep my hands clean, have a non-union job, don’t carry a lunchbox and only have dignity for the work can I still be working class?Turkeytop wrote: ↑Wed Mar 20, 2019 11:13 am
As I’ve said so often before, working class has nothing to do with one’s income level. We’re the only class that doesn’t impose lower or upper income thresholds for membership.
Working class is a state of mind. Working class is about the dignity of working for a living. It’s carrying a lunchbox. It’s getting one’s hands dirty. It’s the pride in having one’s voice heard at the Union Meeting.
I was born working class and I’ll be working class until the day I die. If I won the Lottery jackpot tonight, I would still be working class and proud of it.
If you feel working class, then you are. That's the greatest thing about working class. We don't impose an income test for admission. I keep hearing moaning about the shrinking middle class. No wonder they're shrinking. They keep kicking their own members out. Someone falls on hard times and their income drops? Out they go. There's no such thing as middle class solidarity.
Well, yeah, we kind of do.ZenithCKLW wrote: ↑Wed Mar 20, 2019 4:18 pmWe don't even know WHY the cost of education continues to soar.
You mean they went from socialist do-gooders furthering young minds to ravenous capitalists hell bent on as much money and customers as possible?Bryce wrote: ↑Thu Mar 21, 2019 8:47 amWell, yeah, we kind of do.ZenithCKLW wrote: ↑Wed Mar 20, 2019 4:18 pmWe don't even know WHY the cost of education continues to soar.
When the federal government started to guarantee student loans so banks could make loans to pretty much any wannabe student, without any risk and even get a few perks along the way on top of it, costs started to rise.
Then around 1993, congress initiated a "direct loan" program where students could get loans directly from the government with no middleman, ie bank. This program ran side by side with the guaranteed bank loans. Costs went up a little bit more.
Then, 2010 the federal government took over student loans 100% as the direct lender. I should also mention federal grants for low income students. The federal government financed roughly $100 billion in student loans and provided directly to students and their families $30 billion in need-based grants and $30 billion in income tax preferences, according to estimates by CBO. That's 160 billion of customer money out their waiting for some college to grab.
Colleges and universities got into the business of attracting all these 18-year-olds with freshly minted dollars in their hands. This big pool of customers, with hands full of taxpayer dollars, represented a profit bonanza. They didn't need to keep prices down to compete for students anymore, they needed to add stuff, expensive stuff, to get these new customers to enroll.
Take a look at a college or university campus today and compare it with one from say 1970. Today campuses boast state-of-the art recreational facilities complete with rock climbing walls, saunas and jacuzzis. I remember having a cafeteria. Now colleges and universities brag about their "award winning" dining with numerous choices for filling your belly. No more ramen noodles in the dorm for these kinds. I also don't remember a Starbucks or coffee shop. Oh, and I bet providing free wireless in every nook and cranny of a campus costs a few bucks too.
I could go on with the extra thing that colleges are spending money on today that they didn't in 1970. You know, things like teaching a lot of the new freshmen how to write because their first 12 years failed them.
This my friends is why 30 years ago 5,500.00 purchased a freshmen year at a major university, including room and board and today it can be as high as 55,000.00. Stop giving money away to anyone that doesn't want to go into the real world yet and watch how quickly tuition comes down.