Reply to What careers making 100,000 + as a new grad would you recommond for my daughter

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]The fact that so many undergrads have an expectation to make $100K is much more concerning than what field a particular student should pursue. Truly highlights how out of touch people are. [/quote]

They are not out of touch - look at what rent costs. They are all worried about how they are going to afford to live. They are wondering if they will ever be able to buy a house. These young people are not just entitled jerks. When I graduated from college in the mid 2000s, I was able to rent a room in a shared house on the hill and my share of the rent was $850. The whole 3bd/2ba house was $2,500/mo. Houses in that block are now renting for $6,000/mo. They are looking at the cost of living and realizing that they need to start out making $100k if they have any hope of building a decent middle class life in this region. [/quote]

Each of my kids rents within walking distance of different ivies in northeast. There are multiple options or rooms in a house or apartments on different sides of the campuses that are safe, clean and close by for $900-1500 per person, per month. One can spend more but one does not need to. 
My first rental after college in the early 2000s in an east coast area near a non-ivy college was $850 for 2BR apt(425 pp) on a $28k Medical Resident's annual salary. Now medical residents make 75-80k. My old block is single family homes but newer rentals a few blocks over and still quite safe are $1900 for 2BR apt ($950 per person). In other words it is actually a better salary to rent ratio than it used to be comparing the same east coast city. 
Coworker's kid lives in NYC, shares an apartment with other young single friends, and is off the parent's payroll making around 60k in an arts-related job, 4 years our of college. They cook a lot, freeze extras, and walk almost everywhere.
For the vast majority of cities, 100k is a ton of money to live on as a new graduate. If they cannot live on that as a single person and save at least 12k per year they are really bad at budgeting. [/quote]

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