Posted on 11/17/2014 11:28:21 AM PST by SeekAndFind
Since Barack Obama has been in the White House, close to 40 percent of all 27-year-olds have spent at least some time unemployed.
In 2012, one study found that U.S. families that have a head of household that is under the age of 30 have a poverty rate of 37 percent.
Was that Joes cut rate polling?
I question why anyone would pay that much for a house to begin with. A fool and his money?
H3ll I’d live in an RV before burdening myself with that much debt.
Three of my daughters went to college. Their majors were:
1. medical IT
2. Civil engineering
3. Accounting
All three are doing better financially than I did when I was their age. A LOT better. They range in age from 26-35.
Yes. It is. I've no one to blame for any of my debt but me. Unfortunately, once you get into the trap, it can be very difficult to break out of it, but it can be done.
Everyone's worried about credit scores. I'd love to not have one.
“They are learning the hard way that socialism does not work.”
Indeed. After 5-6+ years of wasting money getting a degree in liberal arts, known as an Instant Unemployment Degree, they are now learning that no one owes them a living.
Most of them bring zero to the table to get a job.
The real world doesn’t work that way.
After trying to get amnesty for illegals; I would expect the socialists (Dems), to try to get the taxpayers to foot the bill for people with college debts.
This would make a good wedge issue since some of these debtors have conservative parents.-Tom
” Below the minimum wage? I thought only
the illegals here who pick cabbage on the
farms make less (which is why we need
amnesty - so that they can command
higher wages and allow a new crop of
illegals in to pick up the slack) than
minimum.”
Probably tax adjusted to include job related expenses. That pushes minimum wage effectively under the wire.
Whats this “us” and “we” stuff...
We have been telling these kids for years that they were being robbed by the dumblecrats who claim to care so much for them. Pubbies too...
We kept kicking the can down the road because there were no immediate consequences.
Well, these are some of them.
Its only going to get worse.
Millenials are sumb-0 duh dumbest people I ever met.
They actually think the spending limit is money with some equivalency to income. It ain’t.
The think equity is money they can leverage for vacations, cars, clothes and jewelry. Dumb as hell.
They can’t right neether...
Believe me, if you don’t have revolving lines of credit on (i.e., credit cards) on your credit report, your credit score nose dives. I’m going through that now trying to get re-financed. I haven’t had credit cards in almost a decade and that is what is holding me back through the mortgage company. Its maddening.
No we didn't.
For a professional, the author doesn't even understand the meaning of a word which is key to his argument.
TEC, get some REAL authors.
I'm guessing they're looking at the annual income. If you only work 6 months and are unemployed the rest of the year, I think that might put you under minimum wage.
This is true; I managed to get a degree without any debt — though I know going the military route might not be for everyone (and, honestly, given the political crap that's going on in the military I wouldn't recommend it without reservation).
That said, there's a lot of pressure to get a college degree because, let's face it, high-school diplomas are now worthless. And there's a lot of people benefiting, so they push student-loans hard. — I can't wait for the university bubble to pop.
Buy a 4,000 square foot house at age 25 and you're asking for a bruising unless you have a trust fund or a pro sports contract.
“We told them...”
Wait a second, who is “we”? I never told them any of this.
As I understand it, most food service jobs pay a LOT less than minimum wage, supposedly because they're earning tips.
In addition to likely voting for Obummer to transform the country into a third-world country, they probably all believe in global warming. They have probably spent many years being against coal, oil, logging, etc. And then they wonder why there not enough business being done for them to get started in life.
Even college graduates need to have big, dirty industry to get their management and other white collar jobs.
Maybe a third of them heard this. The rest heard that they are special snowflakes who are entitled.
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