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Still might end up with same results. We still have DRs that still paying on school loans 10+ years later. School cost is beyond its needs, and honestly really needs a good audit and public budget to see why it cost so much from first day till last day of the school year.
Yes indeed. Law School is even worse; the cost to the University of a Law School is modest in comparison to a medical school, yet law school tuition is sky high.
Yes indeed. Law School is even worse; the cost to the University of a Law School is modest in comparison to a medical school, yet law school tuition is sky high.
Most docs will not have a big problem paying off their student loans. A $300K loan at 5% over 10 years is about $3K/mo. And they'll be making on the order of $15-30K/mo.
kids ,especially out of wedlock are a real financial killer. it is bad enough divorce takes it's toll on finances but this constant breeding out of wedlock is asking for trouble .
of course then the excuse then becomes they have no one to watch the kids ,can't afford day care , are living off a low wage , the list goes on and on but it was a poor decision that did it .
As I've been saying for a while now, 40% of America's kids are born out of wedlock....no wonder the middle class has been shrinking. I'm glad I'm not the only one to notice.
Most docs will not have a big problem paying off their student loans. A $300K loan at 5% over 10 years is about $3K/mo. And they'll be making on the order of $15-30K/mo.
That depends what kind of doctor. A GP is not going to make money like that, which is a major reason we have a shortage of them. My chiropractor once told me his were over $300,000, he isn't making that kind of money, either. Also don't forget malpractice insurance is a huge amount, too.
People in past decades had many more kids than we do today but did not struggle nearly as much. I work with elderly people who had 10, 11, 12 siblings regularly. Today it’s much more rare to have that many.
The people of yesteryear had more realistic expectations in terms of housing. They didn't have extra bedrooms, or even a bedroom for each kid.
They also didn't go out to eat as a regular thing. Did not spend money on lots of things people spend money on now. Yes, I'll give you that college wasn't a necessity and was cheaper and so was health care.
A lady I rented a room from (now in her mid 80s), raised 4 kids with her husband in a 1200 square foot 4 bedroom house (no basement) and that kind of living situation was not all that unusual for women of her generation.
This idea that people are super efficient with their spending....Yeah, those people are out there...but from what I see, not that many.
As I've been saying for a while now, 40% of America's kids are born out of wedlock....no wonder the middle class has been shrinking. I'm glad I'm not the only one to notice.
I don't think the majority of those out of wedlock kids are being born into middle class families. In my family we don't have any kids born out of wedlock ever that I am aware of, but marriage didn't stop several of them from struggling. As a whole, we have many less children than in past decades. My mom was able to stay home because my dad's salary as an appliance salesman in a department store was enough to enable us to buy a home and for my mom to stay home. THAT was the middle class. It is not the proliferation of out of wedlock kids that changed that, it is higher home prices, higher COL and incomes that don't pay living wages and don't purchase as much as they used to. My dad's job back then (60's) that allowed us to buy a home and allowed my mom to be a SAHM wouldn't pay enough for a one bedroom apartment today.
Yes, life has been a struggle for many people throughout history but do this for me..name another time in the history of the US when a full-time minimum wage wasn't enough money to a one-bedroom apartment anywhere in the U.S
I was poor when I was a kid, we lived in a one bedroom house, my brother and I slept in the dining room but we had a place to sleep. Now I'm seeing several families drive up to my grandson's school in motorhomes or RV's to drop their kids off, it's clear that most of those kids are living in those vehicles. I never knew any homeless kids in the 50's or 60's...not one.
You can thank excessive building codes and land use regulations promoted by NIMBYs for that.
You can't remedy a housing supply problem by jacking up the minimum wage.
Blue America has a problem: Even after adjusting for income, left-leaning metros tend to have worse income inequality and less affordable housing.
Interestingly, UT has a stronger middle class and less income inequality than most other states.
But heaven forbid we might admit it has something to do with the values of the people who live there. And we might have to admit that religious values have something to do with it as well.
There "could be". Articles like that have been around FOREVER.
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