Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
Even if people made a good living in the 1950's, they had a more austere way of life. Many households had 1 car; many people using public transportation. Houses were much smaller and simpler. There weren't a lot of extras, like AC, stereos, computers and all that. People didn't eat out very often, they did simpler things for entertainment (movies, bowling, playing cards, etc).
About once a year, I meet someone who actually gets it. They buy property as soon as they can, they work extra jobs, pay off loans, and save every penny. They don't count on government for anything.
I do see value in education, but how would you explain so many unemployed grads?
The worst general economic decline since the Great Depression. Surely you've heard of it. It was in all the papers.
Quote:
Originally Posted by tommy64
At what point does education become redundant to a workforce?
There has been no such point to date, and not many are expecting one. As was already noted above, the premium paid to extra years of education over initial years of work only grew larger during the Great Recession. This is why millions either stayed in school or went back to school during those times.
Quit pi**ing away other peoples tax money and get the hell to WORK.
Go back to school. Taxes are not "your money" anymore once you pay them. And people any distance down the income scale don't actually pay much in federal income taxes anyway. It's unlikely that they will ever pay much in capital gains taxes or anything at all in terms pf estate taxes. It's pretty much just your basic blue-collar payroll, excise, and state-and-local taxes that this group ever has to worry about.
Credit is at the core of every modern economy. What is more sensible is to abandon the silly myths and superstitions of centuries gone by and live in the real world as it actually exists today. In that world, debt is an important tool, easily surpassing in its utility such things as sliced bread and multivitamins.
Surely you understand there's room between the two no?
For some people, debt-excoriation is like some revival-tent religion. There tend to be no degrees of toleration in that case.
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
