Current Events > Redditor does the math, it's way harder to pay for College/Rent

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dioxxys
07/15/22 6:39:05 AM
#1:


... then it used to be

turns out it used to be way easier to pay for college/rent

https://www.reddit.com/r/antiwork/comments/vy7l6i/this_generation_must_work_twice_as_hard_for_what/

Boomers could easily pay rent and work through college off a minimum wage job
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RchHomieQuanChi
07/15/22 6:40:43 AM
#2:


Boomers don't care about facts though is the problem

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Trumble
07/15/22 6:41:42 AM
#3:


RchHomieQuanChi posted...
Boomers don't care about facts though is the problem


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KnightofShikari
07/15/22 6:48:35 AM
#4:


"you're just entitled i was making $300 a month at your age and did just fine!" - boomer
"back in my day you could feed a whole family for $20 a week!" - same boomer

they somehow don't relate the two things together to show how vastly different things are

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dioxxys
07/15/22 10:39:08 PM
#5:


bump
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Questionmarktarius
07/15/22 10:40:05 PM
#6:


Back in the 50s, Queens was the boonies.
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Tyranthraxus
07/15/22 10:41:02 PM
#7:


KnightofShikari posted...
"you're just entitled i was making $300 a month at your age and did just fine!" - boomer
"back in my day you could feed a whole family for $20 a week!" - same boomer

they somehow don't relate the two things together to show how vastly different things are
My father literally cannot comprehend what job searching is like today. His first job in America he quit on the first day after calling his boss an asshole and then already had another job a week later just by walking into places and asking if they were hiring.

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Nerevar791
07/15/22 10:43:27 PM
#8:


Yep. Tuition for the CSU/UC (only mentioning those because I live in CA and they're two of the biggest university systems in the US) have doubled in the past decade, roughly tripled since 2000.

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Questionmarktarius
07/15/22 10:45:26 PM
#9:


The sudden flood of easy student loans since 1992 or so didn't really accomplish much other than rapidly increasing tuition and every-damn-job wanting a degree now.

https://www.forbes.com/sites/prestoncooper2/2017/02/22/how-unlimited-student-loans-drive-up-tuition/ (forbes warning, bring your adblocker)
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Nerevar791
07/15/22 10:46:42 PM
#10:


Questionmarktarius posted...
The sudden flood of easy student loans since 1992 or so didn't really accomplish much other than rapidly increasing tuition and every-damn-job wanting a degree now.

https://www.forbes.com/sites/prestoncooper2/2017/02/22/how-unlimited-student-loans-drive-up-tuition/ (forbes warning, bring your adblocker)
I don't particularly care what a Republican who only has a BA in econ thinks about higher ed on any level.

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Arcanine2009
07/15/22 10:54:02 PM
#11:


Damn that's crazy


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#12
Post #12 was unavailable or deleted.
ExtremeLuchador
07/15/22 10:56:35 PM
#13:


When my dad started out around 1970 or so he blew threw several jobs. Mostly getting fired for outbursts or walking out. He would have a better paying job lined up within a week.

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Questionmarktarius
07/15/22 10:56:58 PM
#14:


Gen-X already did this at least twice. Probably why we're all apathetic and indifferent.
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wackyteen
07/15/22 10:56:59 PM
#15:


Don't need to do the math, you just have to exist in this economy and be under the age of 50 to know this as a fact

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Kafkaf
07/15/22 10:57:49 PM
#16:


Community College > Private

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dioxxys
07/15/22 11:37:52 PM
#17:


wackyteen posted...
Don't need to do the math, you just have to exist in this economy and be under the age of 50 to know this as a fact
I mean its nice to have facts in front of you

Kafkaf posted...
Community College > Private
I did that. But that doesnt change the cost of housing.

Its crazy people in the 90s and more so earlier, could literally work a minimum wage job and still afford to get a house. Thats just not possible unless you are working 2-3 jobs and at that point are you really living anymore?

People say get a better job but what if some people just arent skilled enough to get a high paying job? People shouldnt just be having to throw their 60% their paychecks on rent alone which is easily, believe it or not surpassing mortgage costs (you know the money that is actually going towards ownership).

Sorry for going on a rant lol, wasnt really directed at you.

It just made me think how I went to community college, and never figured out what I career I wanted to pursue and I have had to pursue different odd jobs. The biggest job I ever had was an electrician and even went to trade school for it but I feel like my autism kept me from excelling in it. I was always too slow or couldnt figure out what they wanted to do since I am a visual learner not a verbal learner.

Bottom line is houses are expensive as fuck. 100,000 dollars for the smallest house in the ghetto still sounds staggeringly high, 200k is better but for a half decent house its more like 350-400k. I cant even imagine how much the nice houses are in the nice neighborhoods with the beautiful landscaping and country club pools.
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Questionmarktarius
07/15/22 11:39:29 PM
#18:


dioxxys posted...
Its crazy people in the 90s and more so earlier, could literally work a minimum wage job and still afford to get a house.
No, not in the 90s. That pretty much ended with 70s stagflation.
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Thaumaturges
07/15/22 11:42:03 PM
#19:


Kafkaf posted...
Community College > Private
They're both shit.
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dioxxys
07/15/22 11:42:53 PM
#20:


Questionmarktarius posted...
No, not in the 90s. That pretty much ended with 70s stagflation.
whats stagflation
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Questionmarktarius
07/15/22 11:43:56 PM
#21:


dioxxys posted...
whats stagflation
Basically what's happening right now.
https://en.wikipedia.org/wiki/Stagflation
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Tyranthraxus
07/15/22 11:47:41 PM
#22:


dioxxys posted...
whats stagflation
When prices go up but wages don't

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#23
Post #23 was unavailable or deleted.
dioxxys
07/15/22 11:53:04 PM
#24:


Tyranthraxus posted...
When prices go up but wages don't
nOboDy WaNts tO wOrK

How depressing.

I bet its because the people who think increasing wages will make inflation go up, well now we got that up without the other!
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Payzmaykr
07/15/22 11:56:53 PM
#25:


The Boomers had the workforce on Extra Easy mode and we literally have it on survival mode. Personally, I feel like most boomers are much more understanding and sympathetic than we give them credit for, due to the fact that a very loud group of them seems to try to speak for the entire generation.

Many of us are scraping by only with help from our Boomer relatives. Yes, they did bleed the workforce dry and leave us with table scraps and drug tests, but citizens blaming each other for the governments shortcomings never gets us anywhere.

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Questionmarktarius
07/16/22 12:00:36 AM
#26:


Payzmaykr posted...
The Boomers had the workforce on Extra Easy mode and we literally have it on survival mode.
The boomers came into prime in the late 50s and most of the 60s, when most of the world was still actively on fire (and occasionally radioactive) from WW2, and US & Soviet dickery didn't help anything.
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Robot2600
07/16/22 12:04:39 AM
#27:


To pay for an average 1-bedroom apartment, a Boomer making minimum wage had to pay 1/3 of their income, while a Gen Xer paid almost twice that, and Gen Z would need to put in their entire paycheck and would still come up short. Remember that these numbers are for three generations all working the same job for the same number of hours.

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TerraSeeker
07/16/22 12:13:21 AM
#28:


That's absurd that college was $428 a year. There's no reason for it to have gone about some much on it's own. It really gives credence to those that say subsidies raises the cost of college.

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Ruvan22
07/16/22 12:20:54 AM
#29:


TerraSeeker posted...
That's absurd that college was $428 a year. There's no reason for it to have gone about some much on it's own. It really gives credence to those that say subsidies raises the cost of college.

Was subsidies the biggest factor in college tuition increasing?
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Questionmarktarius
07/16/22 12:22:32 AM
#30:


Ruvan22 posted...
Was subsidies the biggest factor in college tuition increasing?
See that Forbes article in post 9.
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Ruvan22
07/16/22 12:26:41 AM
#31:


Questionmarktarius posted...
The sudden flood of easy student loans since 1992 or so didn't really accomplish much other than rapidly increasing tuition and every-damn-job wanting a degree now.

https://www.forbes.com/sites/prestoncooper2/2017/02/22/how-unlimited-student-loans-drive-up-tuition/ (forbes warning, bring your adblocker)

I'm not seeing anything in that article showing how there were no beneficial effects of the Plus Loans? You seem to claiming that just to attack the loans (which the article does.. but then also says private agencies should loan money instead)
So the increased loans didn't have any beneficial increases? Higher rates of college entrance, degrees awarded, etc?
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WingsOfGood
07/16/22 12:30:59 AM
#32:


the flood to colleges which increased tuition was a societal one where jobs didn't increase wages making college the only viable alternative and parents telling their kids to go to college and even some low paying jobs requiring college

solution would have simply been to adjust wages but nah gotta moan about subsidies lmao

for example, working at McDonalds by the very guy moaning about subsidies he called a kid job that shouldn't pay you anything before

yet this wasn't a kid job back in the day when college was cheap, it was one that afforded you a house, car and a family; and it required no college

now you get a degree and that isn't enough to afford you such things you need to work even harder
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Ruvan22
07/16/22 12:32:35 AM
#33:


Questionmarktarius posted...
See that Forbes article in post 9.

I did - the article shows a correlation, but didn't show any proof of it being the only factor. I was asking whether subsidies was the biggest factor (post 29)

Also, have you checked who authored this article? Here's the group he works for...

https://www.sourcewatch.org/index.php/Foundation_for_Research_on_Equal_Opportunity

He didn't link to the paper he draws his arguments from so I'm not sure how to evaluate them?

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Questionmarktarius
07/16/22 12:33:18 AM
#34:


Ruvan22 posted...
I'm not seeing anything in that article showing how there were no beneficial effects of the Plus Loans? You seem to claiming that just to attack the loans (which the article does.. but then also says private agencies should loan money instead)
So the increased loans didn't increase
The Direct Loan act meant you could apply right at the school itself, instead of having to deal with a bank.
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Ruvan22
07/16/22 12:36:01 AM
#35:


Questionmarktarius posted...
The Direct Loan act meant you could apply right at the school itself, instead of having to deal with a bank.

That.. didn't answer my question of challenging your original statement?

You said there were NO other effects of easy access loans and posted an article by a right wing think tank that opposes government aid.

I'm asking you to support your argument that there were NO other effect, especially beneficial effects.
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WingsOfGood
07/16/22 12:38:00 AM
#36:


his gimmick is to shill for things like this and try to blame anything that might tangentially be seen as "socialism" cause capitalism amazing and does no wrong
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Questionmarktarius
07/16/22 12:41:02 AM
#37:


Ruvan22 posted...
You said there were NO other effects of easy access loans and posted an article by a right wing think tank that opposes government aid.
I tried to find an article that wasn't an obvious Cato-ish bias, and failed.

This is the best I got, it's probably not the best counter.
https://www.studentdebtrelief.us/news/rising-tuition-costs-and-the-history-of-student-loans/
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Lonestar2000
07/16/22 1:29:10 AM
#38:


My boomer dad's suggestion for people who don't want to work shitty jobs for low wages is for them to join the military. As if we don't already have enough fodder for the military-industrial complex.

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WingsOfGood
07/16/22 1:33:10 AM
#39:


Lonestar2000 posted...
My boomer dad's suggestion for people who don't want to work shitty jobs for low wages is for them to join the military. As if we don't already have enough fodder for the military-industrial complex.

Show your dad this:

https://gamefaqs.gamespot.com/a/user_image/4/7/4/AAefUOAADdTq.jpg
https://www.goarmy.com/benefits/money/basic-pay-active-duty-soldiers.html
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Questionmarktarius
07/16/22 1:35:18 AM
#40:


WingsOfGood posted...
Show your dad this:
If you haven't gotten to at least E4 in eight years, that's on you.
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WingsOfGood
07/16/22 1:39:42 AM
#41:


Questionmarktarius posted...
If you haven't gotten to at least E4 in eight years, that's on you.

are you military or ex-military?
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Questionmarktarius
07/16/22 1:41:43 AM
#42:


WingsOfGood posted...
are you military or ex-military?
Not even close.
My grandads (Navy and Army) told me stories of Korea no one should ever hear.
My dad missed Vietnam by three months.
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Robot2600
07/16/22 1:54:30 AM
#43:


tuition increased because boomers started to run the schools and their boomer administrator friends demanded increased pay

coupled with corrupt state politics, giving schools control of their tuition costs was packaged as a good thing. I knew teachers that even voted for it, because the didn't understand.

the result is most schools are now free to set whatever tuition their greedy hearts desire. previously the govmnt capped most tuition increases, but it was still stupid back then. tuitions can increase 10% PER FUCKING YEAR. nothing does that.

also skyrocketing campus housing and regular housing too. schools profit off the rent crisis by matching the market with dorms, whereas dorms should be dirt cheap as a public service to your students to help them make it through college and also live on campus and have fun.

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Unknown5uspect
07/16/22 11:26:29 AM
#44:


WingsOfGood posted...
are you military or ex-military?
Whether he is or isn't, he's right.

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wackyteen
07/16/22 11:46:40 AM
#45:


Lonestar2000 posted...
My boomer dad's suggestion for people who don't want to work shitty jobs for low wages is for them to join the military. As if we don't already have enough fodder for the military-industrial complex.
We don't have enough lol, not in said complex's eyes.

Recruiting is a tough job atm.

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Thaumaturges
07/16/22 4:14:42 PM
#46:


Questionmarktarius posted...
If you haven't gotten to at least E4 in eight years, that's on you.
I make $42,000 a year in an entry-level warehouse job that I was handed after having a short conversation which was my interview. And I mean short conversation. I was hired the second I walked in the door. Meanwhile according to the chart, it would take me 8 years and an E5 to make that much, AND I would have to risk my life. So fucking stupid.
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wackyteen
07/16/22 4:20:00 PM
#47:


Thaumaturges posted...
I make $42,000 a year in an entry-level warehouse job that I was handed after having a short conversation which was my interview. And I mean short conversation. I was hired the second I walked in the door. Meanwhile according to the chart, it would take me 8 years and an E5 to make that much, AND I would have to risk my life. So fucking stupid.
You can get some pretty safe jobs in the military that generally don't involve risking your life.

I've been in the Army for over 8 years. There's plenty of civilian jobs that are more life risking than the Army.

Even if you look at just the war on terror, we lost a relative handful of people compare to other wars

Not to mention the benefits you get free for serving, like Tricare and housing (either barracks or housing allowance).

It can be a demanding lifestyle but it balances out usually

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VG_Study_Lounge
07/16/22 4:20:29 PM
#48:


Things were way different back then as well though

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Ruvan22
07/16/22 5:51:46 PM
#49:


Questionmarktarius posted...
I tried to find an article that wasn't an obvious Cato-ish bias, and failed.

This is the best I got, it's probably not the best counter.
https://www.studentdebtrelief.us/news/rising-tuition-costs-and-the-history-of-student-loans/

For the third time, that doesn't offer any evidence to support the bolded part of your claim below

Questionmarktarius posted...
The sudden flood of easy student loans since 1992 or so didn't really accomplish much other than rapidly increasing tuition and every-damn-job wanting a degree now.

https://www.forbes.com/sites/prestoncooper2/2017/02/22/how-unlimited-student-loans-drive-up-tuition/ (forbes warning, bring your adblocker)

So again, I'm saying it seems like you are just trying to find ways to criticize the "ease of access to loans" and not being objective in whether they were a good thing or a bad thing...
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