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More and more average students are going to college now and racking up debt. Not much has changed at top public and privates. You can still get a great education and graduate with about 15k in debt.
It also needs to be realized that salaries were artificially inflated with the housing boom. Salaries might be low now but people need to realize that their true value might not have been what they were getting paid at the peak.
15K in debt, try closer to 100K in debt. College (and post grad) students have a very cavalier attitude about money and debt.. They are encouraged to borrow as much as possible for things unrelated to the cost of education -- Designer Clothes, top of the line Macbook Pros, Vacations every winter/summer etc., ALOT different than even 10-15 years ago but then again 'mom & dad' arent' any better either.
And many of the jobs that are being 'created' are "temporary", "consulting" or 'Temp to perm' positions. Yes, you are employed for all intents & purposes and it 'counts' as a job but you get no benefits and have less than zero job security. Your assignment can end with a simple phone call after hours.
15K in debt, try closer to 100K in debt. College (and post grad) students have a very cavalier attitude about money and debt.. They are encouraged to borrow as much as possible for things unrelated to the cost of education -- Designer Clothes, top of the line Macbook Pros, Vacations every winter/summer etc., ALOT different than even 10-15 years ago but then again 'mom & dad' arent' any better either.
And many of the jobs that are being 'created' are "temporary", "consulting" or 'Temp to perm' positions. Yes, you are employed for all intents & purposes and it 'counts' as a job but you get no benefits and have less than zero job security. Your assignment can end with a simple phone call after hours.
This is where people show they don't know the facts. The average student going to a top public/private(top 50-100 or so) is graduating with about 15k.
This is where people show they don't know the facts. The average student going to a top public/private(top 50-100 or so) is graduating with about 15k.
Really?? I am outside the Boston area and MA & NH lead the nation in the amount of credit card & student loan debt outstanding after graduation. But then again, entry level salaries are around $50,000 (equivalent to minimum wage for a single person) and it gets expensive to shop Newbury Street every day in Boston and spend $$$$$$ on stuff like Starbucks, Sporting Events & Booze
Really?? I am outside the Boston area and MA & NH lead the nation in the amount of credit card & student loan debt outstanding after graduation. But then again, entry level salaries are around $50,000 (equivalent to minimum wage for a single person) and it gets expensive to shop Newbury Street every day in Boston and spend $$$$$$ on stuff like Starbucks, Sporting Events & Booze
Not really sure what assumptions on spending like that have to do with college debt/costs.
The issue with loan debt is a sliding scale. At some point as the quality of school lowers and the amount of debt rises you hit a point where it's not worth the money. That point is certainly not at 15k for a quality school.
I've been out of college for 10 years and have no school loan debt.
But if I had it to do over again, and was faced with a decision of a 4 year degree with $100k debt and questionable job prospects, I'd take the 2 year trade degree. $15k in debt and have a job lined up before I was even out of school.
Loads of baby boomers are reaching retirement age now. Labor force is going to shrink.
WW2 ended in February 1945, exactly 67 years ago. Many of the troops came home, spent a year or two getting settled into a career and marriage, and then started families.
It makes sense for the labor force to be shrinking, and it is a good thing since more of those who need to be working can work, and those who are of retirement age can retire.
But the thing is a lot of those people aren't retiring. Especially nurses and teachers.
You have situations where the husband/wife/life partner has been laid off and so people who have tenured positions for example in school districts are staying in the workforce longer than they intended.
My friend's daugther has run into this, she graduated in May 2010 with her teaching degree and interviewed with over 30 school districts including where she did her student teaching(and they loved her).
She finally got her hired as long term sub for a teacher who went out on medical leave. That ended and she now has two part time teaching jobs with two different school districts.
And the state of Florida is claiming they will have the most job growth, well yes low paying service industry type jobs.
FL lost around 5,000 good jobs with NASA shutting down, but gained 3,000 jobs when Legoland opened. Somehow that doesn't balance out.
So these people making $8 an hour will still need food stamps and welfare to get by.
Last I checked, the economy needs to add about 150,000 jobs just to keep up with the young people entering the workforce.
And yes, the jobless figures are bs. No way, the economy is doing great.
Also add in all the men and women coming back from the Middle East now that Obama has decided to pull the troops out.
Any way you slice it, there are too many people looking for too few jobs.
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