Reply to Boomers' Billion-Dollar Bonanza: The Unseen Hoarding Behind Millennial Struggles

Forum Index » Money and Finances

Reply to "Boomers' Billion-Dollar Bonanza: The Unseen Hoarding Behind Millennial Struggles"

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]My greatest generation parents did better than their parents. My boomer siblings have done better than our parents. And my millennial children are on a path where they could do better than their boomer parents. I believe the differentiators are better education opportunities and dual income households. Hard work has always been part of success for all the generations.[/quote]
I agree.  Pick a more lucrative career. [b]The days of majoring in whatever you want and getting a good paying job is over[/b].[/quote]

The bolder alone is worth much more than anything else others have complained about.[/quote]

+1 I have to believe the number of useless majors being offered today is significantly greater than 40 years ago. Back then we thought that sociology and philosophy were of questionable economic value but the list today is much longer. [/quote]
I think back then you could major in some liberal arts degree and find a good paying office job because there were less people going to college.  Not so today.  We have way more college grads competing for the good paying jobs.  Back then you could go to vocational school and get a job and live a middle class life.   It's getting harder to do that.[/quote]

You’re right about the college degree. It mattered some. A Master’s even less. I have one and no one ever cared what it was in. But it increased my salary by 50%. But you’re wrong about todays value for vocational training. Right out of school my kid was making $60k and same for my friend’s kid. [/quote]
The problem is that the $60K paying job out of vocational school won't pay that much more in 20 years.  Also, with automation and offshoring jobs, there are less and less vocational type jobs. My dad was a machinist, and my mom was a seamstress.

Even so, vocational training has a much better ROI than paying for a college degree in something useless and getting a job that pays the same $60k that a vocational trained person gets paid.

I was just reading about certification job training programs in the semiconductor industry.  This guy had a psych degree and was working at Taco Bell because he couldn't find a job. So, he signed up for the vocational training program. Technician in semiconductor starting pay is $20 to $25/hour.  What a waste of a college degree.[/quote]

You can major in liberal arts if you are smart enough. Intelligent and capable people will always get ahead in their careers no matter what they major in. I’m a hiring manager who looks for intelligence and the ability to write and think critically, together with a collegial personality and drive. That’s what makes for a great employee in certain professions, way more important than specific major. I usually find those qualities in people with “useless” majors from decent schools. Then again I’m not hiring for accounting or IT positions or scientific research.

Society needs all sorts of professions and careers to function well. If everyone goes into finance, who will teach our kids, who will take care of the sick, who will sell us groceries and put out fires and keep law and order, fox our roads, build our houses, create our entertainment?  And yes we need psychologists, therapists, and social workers. [/quote]

My Cadillac dealer is paying $100 an hour for master mechanics. They will even train you. [/quote]

Options

	Disable HTML in this message
	Disable BB Code in this message
	Disable smilies in this message

Review message

Search Recent Topics Hottest Topics