get used to the idea they will never move out. You've given birth to a grinding axe waiting for you to die.
But they need to be able to afford expensive short-lived decorative bulbs in the mood lighting in the lounge (formerly a computer lab, intended for working on projects), and large-screen monitors, and designer furniture, and a giant video stock ticker. (At a state university, no less. The very same college has occasional mini-campaigns to warn about the dangers of misusing credit cards and carrying excessive debt, but which also permits Visa to have an elaborate sign-up display in the campus bookstore.)It's sad the cost of tutition. Every single year colleges raise their tuitions for no real reason other than that they can.
I'm already not excited to pay my gfs med school loans when they come due. Couldn't imagine what they will be in 20 years. Thankfully she's already said I can quit me job and stay at home . Though ill keep working and pay the loans off and house off before I quit for good
India shows a possible result of winning the rapid-breeding contest. I rather like being able to look out my window and not see people everywhere.I agree, nothing says smart people like self imposed Darwin awards. That's ok though, us brown people are breeding you all out.
If they're smart, they'll start to close off their southern border....we've already done it, so why not?Guess I'll be moving to Canada in 15 years.
Young people, especially those not really cut out for college, really need to start looking (again) at the skilled trades. There is going to be a generational gap soon for those jobs as older people retire and there is so few in the younger generations to fill those spots. Hell, it's hard to get good ones now much less a few years from now.
Totally agree. A person can make damn good money as an experienced electrician, plumber, HVAC specialist, etc.
The value of 2 year degrees is also not to be overlooked. With the right foresight, ambition, and opportunity people can make a great living with only an Associate's.
Don't forget welders, die makers, machine builders, machinists, panel builders (electricians), machinery programming technician, etc. I can assure you that there is a big gap coming....faster than most think. Many young people don't think that kind of work is "sexy enough".
It isn't so much the "sex appeal" of those jobs, part of it is there is no really effective way of obtaining that training. Growing up I had no exposure or opportunity to explore those fields as a career path and I'm guessing my experience was probably not unique.
Don't forget welders, die makers, machine builders, machinists, panel builders (electricians), machinery programming technician, etc. I can assure you that there is a big gap coming....faster than most think. Many young people don't think that kind of work is "sexy enough".
You mean like $200 oil in 2007 and houses that always go up in price. Nothing rises forever. College tuition absolutely positively cannot keep its 400% over inflation price increases for that long.
University grads only like jobs that requires them sitting in a cushy chair and desk in an air-conditioned room, even when said "manual" work isn't exactly physically demanding to boot. It's the same everywhere not just in U.S.
I saw this on the magazine stand the other day. Was tempted to pick it up. I am in a position where my friends are finally having children by it looks like my chances are it simply wont happen. And honestly, I dont have that drive to have children either. And the difference in lifestyle may be a factor. They are scrambling to pay bills, find baby sitters just to see a movie together, or make it near impossible to go on trips. Anyways my eyes were also opened when going to a focus group last week about finances. And how people with children cant save anything while the few of us in my age group without kids live very comfortable lives and can sock away a lot of money for retirement.
so maybe I should adopt from some third world country like Detroit... :hmm:
I find this unlikely. This number clearly assumes that the current unsustainable rate of tuition inflation will continue, and that's just not going to happen for the simple reason that no one will be able to afford it.
Furthermore the additional collection powers of the feds make a precipitous loss of value for the loans extremely unlikely.
Actually that is already happening. There is a Baby Bust going on with the new generation.
Don't forget welders, die makers, machine builders, machinists, panel builders (electricians), machinery programming technician, etc. I can assure you that there is a big gap coming....faster than most think. Many young people don't think that kind of work is "sexy enough".
Don't private schools like Stanford already cost something like $50K/year tuition? Add a bit for room/board and you're easily at $65K+/year. For that to grow into $125K/year in 18 years doesn't seem that outrageous. That's less than 4% inflation, right?
there's a definite downside to it, though.
my understanding is that population is only growing in the US thanks to immigration. in heavily graying countries where birth rates are declining and they don't have the same levels of immigration (Japan is probably the poster child for the issue), there seems to be issues huge medical expenses and an unsupportable social security structure.
so maybe I should adopt from some third world country like Detroit... :hmm:
In many areas trade unions maintain generally excellent apprenticeship programs where one works during the day and attends classes at night, thereby getting the benefits of both OTJ and classical classroom instruction. You do agree to pay union dues, but that's a hell of a lot cheaper than student loans.It isn't so much the "sex appeal" of those jobs, part of it is there is no really effective way of obtaining that training. Growing up I had no exposure or opportunity to explore those fields as a career path and I'm guessing my experience was probably not unique.
Kind of a Catch 22 situation as you'll need a good job to pay for the education of those who do go for that $500,000 college education.If college costs 500k, then no one will go to college. And then theyll lower their prices because no one is going.
LOL at paragraph 1. Lucrative new field?I would just like to put my application out there. For just the price of a monthly allowance you will receive:
-A phone call once a quarter
-A card on Christmas and your birthday
-An address to send my inheritance to in the event of your death
-A monthly tuition bill
-Someone to call you 'Dad' and 'Father' (likely outsourced to China or India)
And most importantly:
-The satisfaction of being the father of a successful, intelligent and likable child without all the hassles of diaper changes, late night feedings, crying, trying to find babysitters etc etc
Agreed - just like all the other assumptions that costs\prices will keep rising (stock market, house prices, oil....) this one won't happen either. It can't be sustained.
Yes, you won't see the government miss out on its money. What you will see is people delaying home and car purchases, living with parents longer and, most damaging, delaying saving for retirement.
Your kids don't pay for your social security. You don't have to adopt anybody
Technically not a pyramid scheme. It does not require the base to get bigger. if the base gets smaller, however, adjustments need to be made.a pyramid scheme requires that the base of the pyramid keeps growing?