I know why Millenials can't afford houses and pay off their student loans..

[Anonymous]

The cost of college is a national disgrace. Big Pharma? Big Oil?

Big Education is way worse. Kids need to take gigantic loans . It's insane. They need to be attacked and have the money clawed back. It's a monopoly and the schools plus government are colluding. How is college the only thing that outstrips inflation by such a wide margin??

How has this not been a huge issue?


Also friggin technology is a scam too. When I got out of college I had no debt . State university was very very inexpensive. All I had to worry about was finding housemates for cheap rent, food , split electric and water , health insurance was in my benefits.

Now you also have cable bills , cellphone bills.. plus people refuse to rough it. Lots of people have depression / ADD/ ADHD/ OCD brain drugs too plus counsellors and psychiatric bills.

Uuuuhhhgggg.

[Anonymous]

Anonymous wrote:The cost of college is a national disgrace. Big Pharma? Big Oil?

Big Education is way worse. Kids need to take gigantic loans . It's insane. They need to be attacked and have the money clawed back. It's a monopoly and the schools plus government are colluding. How is college the only thing that outstrips inflation by such a wide margin??

How has this not been a huge issue?


Also friggin technology is a scam too. When I got out of college I had no debt . State university was very very inexpensive. All I had to worry about was finding housemates for cheap rent, food , split electric and water , health insurance was in my benefits.

Now you also have cable bills , cellphone bills.. plus people refuse to rough it. Lots of people have depression / ADD/ ADHD/ OCD brain drugs too plus counsellors and psychiatric bills.

Uuuuhhhgggg.

An industry 100% run by the left. Screwing students at every turn. They used to get incentive payments from Visa and Amex to allow them to sign up students for more debt on campus before that was banned. Or how about you get your student loan on a fee-loaded debit card - more payments back to the schools on those.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:^ Different folks have different debt tolerances. We paid off our home in 3 years. Mathematically, would it have been more profitable to have stretched it out to 30 and invested the difference? Probably. But we wanted the mortgage gone, and we've got no regrets.

But doesn't this impact your tax rate? Doesn't it help to have the mortgage interest tax deduction?

I wish I had $1 for every time I've pointed out that you pay $1 for 30 cents in mortgage tax deduction.

Stupid.

+1. So financially illiterate. An interest deduction is great when you have no choice but to incur the expense of paying interest, like when you take a mortgage to buy a house. Interest is still an expense you pay, real $ going out to the bank. The deduction helps soften the blow, but ideally you don't have the expense at all.

-1. Assuming a mortgage rate of 4.5 %. Even if you can make a conservative 6% in the market, you are out ahead by having a mortgage. Oh and the deductions. Who is stupid?

Yeah, and all that money is getting invested and not spent. And, a 'conservative' investment like a bond or CD does not pay 6%. Most (but not all) would be much better off with the discipline of paying into the principal of a house.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:If you had voted for Sanders you wouldn't be having this discussion about paying for college.
Voting against your own interests...

+1

Sanders wanted to pay for college with the taxpayers' money. No thanks, I saved up the $250,000 on my own to send my kids to college, not interested in paying any more for other people's kids.

+ our own $200k

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:If you had voted for Sanders you wouldn't be having this discussion about paying for college.
Voting against your own interests...

+1

Sanders wanted to pay for college with the taxpayers' money. No thanks, I saved up the $250,000 on my own to send my kids to college, not interested in paying any more for other people's kids.

+ our own $200k

So what? Misery loves company? It benefits the country, and our society, to have an educated workforce. And, I'm sick of the selfish attitude of my fellow Americans who want to hoard their own at the expense of the greater good. BTW, I paid my way too, college through law school. And we have quite a bit set aside for our DC.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:If you had voted for Sanders you wouldn't be having this discussion about paying for college.
Voting against your own interests...

+1

Sanders wanted to pay for college with the taxpayers' money. No thanks, I saved up the $250,000 on my own to send my kids to college, not interested in paying any more for other people's kids.

+ our own $200k

So what? Misery loves company? It benefits the country, and our society, to have an educated workforce. And, I'm sick of the selfish attitude of my fellow Americans who want to hoard their own at the expense of the greater good. BTW, I paid my way too, college through law school. And we have quite a bit set aside for our DC.

+1. This attitude has got to stop. It has been taken to an extreme, to the point where my peers have such a sense of entitlement to their high salaries that I want to shake them and wake them up. How did this happen?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:If you had voted for Sanders you wouldn't be having this discussion about paying for college.
Voting against your own interests...

+1

Sanders wanted to pay for college with the taxpayers' money. No thanks, I saved up the $250,000 on my own to send my kids to college, not interested in paying any more for other people's kids.

+ our own $200k

So what? Misery loves company? It benefits the country, and our society, to have an educated workforce. And, I'm sick of the selfish attitude of my fellow Americans who want to hoard their own at the expense of the greater good. BTW, I paid my way too, college through law school. And we have quite a bit set aside for our DC.

+1. This attitude has got to stop. It has been taken to an extreme, to the point where my peers have such a sense of entitlement to their high salaries that I want to shake them and wake them up. How did this happen?

+1000. Completely agree.

[Anonymous]

This attitude has got to stop. It has been taken to an extreme, to the point where my peers have such a sense of entitlement to their high salaries that I want to shake them and wake them up. How did this happen?

I don't understand. If someone is working to earn a salary, why wouldn't they be entitled to it? Why shouldn't they get paid for their work? Should they be working for free?

[Anonymous]

Anonymous wrote:

This attitude has got to stop. It has been taken to an extreme, to the point where my peers have such a sense of entitlement to their high salaries that I want to shake them and wake them up. How did this happen?

I don't understand. If someone is working to earn a salary, why wouldn't they be entitled to it? Why shouldn't they get paid for their work? Should they be working for free?

The are entitled to a salary. They are not entitled to the salary they desire. Hell, I would like to make $1,000,000/yr. I settle for my 200K. That is what I am worth. When I was the age of a millennial, I was paid from 11K + grad school tuition to 60K.

What pisses me off is when people come out and assume they are entitled to earn what I earn, but they are lacking the perspective and can make huge mistakes through the lack of experience. As an example, a friend was working on an embedded systems project. A junior programmer, on his own, decided that a different memory allocation function would be more robust. That function brought in about 300Kb of libraries. So what? it is only 300Kb. Well, this embedded system has to run for 2 years on a couple of D-cells, and thus only had 512K memory. Every byte was precious. It cost about 80K to find the problem.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:If you had voted for Sanders you wouldn't be having this discussion about paying for college.
Voting against your own interests...

+1

Sanders wanted to pay for college with the taxpayers' money. No thanks, I saved up the $250,000 on my own to send my kids to college, not interested in paying any more for other people's kids.

+ our own $200k

So what? Misery loves company? It benefits the country, and our society, to have an educated workforce. And, I'm sick of the selfish attitude of my fellow Americans who want to hoard their own at the expense of the greater good. BTW, I paid my way too, college through law school. And we have quite a bit set aside for our DC.

I'm not hoarding, I'm saving and investing, which also benefits the country. I never SAH or even worked part time; I deserve to be better off financially than if I had worked less.

[Anonymous]

Anonymous wrote:At no other time since the 1920s has there been a bigger income gap between the top 1% and the rest - until now.

Saying you took care of your own and you don't want to help anyone else is evident of the loss of moral compass.

How many years did you work 60 to 75 hours a week, and sacrifice time with your kids during the work week? Do you believe that effort should be rewarded, or should I just have SAH?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

This attitude has got to stop. It has been taken to an extreme, to the point where my peers have such a sense of entitlement to their high salaries that I want to shake them and wake them up. How did this happen?

I don't understand. If someone is working to earn a salary, why wouldn't they be entitled to it? Why shouldn't they get paid for their work? Should they be working for free?

The are entitled to a salary. They are not entitled to the salary they desire. Hell, I would like to make $1,000,000/yr. I settle for my 200K. That is what I am worth. When I was the age of a millennial, I was paid from 11K + grad school tuition to 60K.

What pisses me off is when people come out and assume they are entitled to earn what I earn, but they are lacking the perspective and can make huge mistakes through the lack of experience. As an example, a friend was working on an embedded systems project. A junior programmer, on his own, decided that a different memory allocation function would be more robust. That function brought in about 300Kb of libraries. So what? it is only 300Kb. Well, this embedded system has to run for 2 years on a couple of D-cells, and thus only had 512K memory. Every byte was precious. It cost about 80K to find the problem.

That's neither here nor there. I should be entitled to more if I work more. If I work less or not at all, I should make less.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

This attitude has got to stop. It has been taken to an extreme, to the point where my peers have such a sense of entitlement to their high salaries that I want to shake them and wake them up. How did this happen?

I don't understand. If someone is working to earn a salary, why wouldn't they be entitled to it? Why shouldn't they get paid for their work? Should they be working for free?

The are entitled to a salary. They are not entitled to the salary they desire. Hell, I would like to make $1,000,000/yr. I settle for my 200K. That is what I am worth. When I was the age of a millennial, I was paid from 11K + grad school tuition to 60K.

What pisses me off is when people come out and assume they are entitled to earn what I earn, but they are lacking the perspective and can make huge mistakes through the lack of experience. As an example, a friend was working on an embedded systems project. A junior programmer, on his own, decided that a different memory allocation function would be more robust. That function brought in about 300Kb of libraries. So what? it is only 300Kb. Well, this embedded system has to run for 2 years on a couple of D-cells, and thus only had 512K memory. Every byte was precious. It cost about 80K to find the problem.

That's neither here nor there. I should be entitled to more if I work more. If I work less or not at all, I should make less.

Different PP.

No, you are entitled to make what the market will pay you for your skills. There are janitors who work harder than most desk jobs and yet they get paid much less. Same with day laborers, childcare providers, sanitation engineers, fast food workers and a host of others. They work more but do not make more. Even within the same career, that doesn't hold true. You can have the same job in the public sector as the private sector, even work more hours and longer, and get paid less. You can have the same job working for a non-profit and make significantly less than the same job for a private sector company. You can have the same job working for a small business owner and get paid less than if you had the same job with a large corporation. In each case, you might even work harder at the lower paying job, but still get paid less. The only time you have a "right" to be paid not more, but equivalent, is if you are in a protected class working in a situation specifically covered by FLSA. And not all employers and not all situations are covered by FLSA.

This misperception is very common and has been projected by every incoming generation of the workforce since the "greatest generation".

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

This attitude has got to stop. It has been taken to an extreme, to the point where my peers have such a sense of entitlement to their high salaries that I want to shake them and wake them up. How did this happen?

I don't understand. If someone is working to earn a salary, why wouldn't they be entitled to it? Why shouldn't they get paid for their work? Should they be working for free?

The are entitled to a salary. They are not entitled to the salary they desire. Hell, I would like to make $1,000,000/yr. I settle for my 200K. That is what I am worth. When I was the age of a millennial, I was paid from 11K + grad school tuition to 60K.

What pisses me off is when people come out and assume they are entitled to earn what I earn, but they are lacking the perspective and can make huge mistakes through the lack of experience. As an example, a friend was working on an embedded systems project. A junior programmer, on his own, decided that a different memory allocation function would be more robust. That function brought in about 300Kb of libraries. So what? it is only 300Kb. Well, this embedded system has to run for 2 years on a couple of D-cells, and thus only had 512K memory. Every byte was precious. It cost about 80K to find the problem.

That's neither here nor there. I should be entitled to more if I work more. If I work less or not at all, I should make less.

How many hours you work is immaterial. It is what you produce that matters.