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I feel bad for millennials, they don't have a chance

 
Anonymous Coward
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04/20/2017 02:10 PM
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Re: I feel bad for millennials, they don't have a chance
I've noticed a scenario lately that seems to be getting worse each year for our young people: It has become nearly impossible to get a good job and be "well-off" self sufficient as a millennial without having well-off parents before you.

Consider this - A white male is 22 years old today. His parents had no money in savings. He wanted to go to college, but the only way to do it was student loans or working. The average cost of living on campus at a 4 year public school in a typical mid-western state is about 22,300 per year, taking on campus living with meal plan and books into account. So he took out student loans, to the tune of about 90,000 over 4 years. He graduated at 22, didn't find a girl at school to marry so he's on his own for now. Because he wasn't a minority or had any sort of disability, he had no assistance in his school cost.

He starts to look for a job. He must find one within 6 months of graduating to begin paying back his student loan. Because he had no credit and because his parent had no money, the interest rate on the loan is 6% (this is pretty standard and sometimes much worse). He will pay $1000 a month when the repayment starts.

In his job search for a good paying blue color job (40k+ to start), he comes across multiple applications that require a facebook profile link and a linked in profile link. If he doesn't have a Facebook or linked in, he isn't getting hired. If he has it all private, he isn't getting hired. If he has too many pictures and stories of his college days, he isn't getting hired. If he has made comments about how much he supported trump during the campaign that are easily found via a google name search, he isn't getting hired.

He finally finds a job in information technology, which he studied at school. He starts off with no experience and is making 45k a year, or about 3900 a month. After taxes and health insurance, he's bringing home about $2600 a month.

$1000 of that is gone to student loans. That leaves $1600 a month. He needs to look presentable and purchases a decent used car for $12,000. That costs him $200 a month, down to $1400 left. Add car insurance at $100 a month, $1300 left. He needs to eat, so $150 minimum per month to not be down to bare bones. $1150 a month left. He needs a place to live of course and finds a decent apartment in a good neighborhood, which will cost $900 a month, plus renters insurance, which is $100 a month. Down to $150 left. Interested in savings some cash? Going out with some friends occasionally? Purchasing a few entertainment items or furnishing items? Forget it. The only option left is to get a credit card and start racking up debt on it, which will will be hard to pay down or off without a significant raise.

So what are the options? First, the young man could have skipped college and the student loans. This would save him a significant expense over the next 10-15 years that amounts to 120k worth of debt that was never taken on. Second, he could get married. While this potentially doubles the loan debt if the person he marries is in the same boat, it could also allow a cut to living expenses and such in half, making it at least a little easier. Third (the most popular option), he could move back in with his parents. It would take several years to build up funds that aren't used toward housing and insurance, but at least he wouldn't be flat broke at all times. Fourth, he could attempt to make it on his own as described above and basically be broke all the time. There is a great chance his student loans will go into default as he finds it a burden to pay them each month, and the cycle of debt begins, with no ability to remove them from bankruptcy. Fifth, he could have been born to well-off parents. If his parents could have paid for his college tuition, he would be in much better shape.

In conclusion, for those of you that say millennials are babied and coddled, entitled, and doing this to themselves, think about how many millions of people right now from 22-34 or so are in this boat. There is a reason the student loan debt bubble is so huge now. The only chance they really have is to either be smart enough not to take student loan debt, even if it costs them jobs at large firms that essentially now all REQUIRE a degree, or they must have been born to a rich family. It's such a shame we are doing this to an entire generation of kids, but it's going to make the next 30 years or so a real challenge for us all when the next great recession hits because of it, only this time no one will have the funds to "buy our way out of it."
 Quoting: Anonymous Coward 3975992


Yep. Nailed it. All of them are fucked, including me.
Anonymous Coward
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04/20/2017 02:10 PM
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Re: I feel bad for millennials, they don't have a chance
The boomers must round up all Millennials, put them in camps and milk their adrenal glands for adrenaline transfusions for aging boomers.

Other than this, Millennials have no worth to society.

Milk them!
4D Viewer

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04/20/2017 02:17 PM

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Re: I feel bad for millennials, they don't have a chance
You left out joining the military bro... Yea you may get drug into war but school is paid for
"A well regulated Militia, being necessary to the security of a free State, the right of the people to keep and bear Arms, shall not be infringed."
Anonymous Coward
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04/20/2017 02:22 PM
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Re: I feel bad for millennials, they don't have a chance
There is no generation in the history of the world that has started life with a higher standard of living than the millennials. If they don't have the fortitude to make it in a country with the highest technology, the most money, the most opportunities, an all volunteer military (they aren't being drafted), then I don't know what to say.
Anonymous Coward
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04/20/2017 02:24 PM
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Re: I feel bad for millennials, they don't have a chance
As for the student loan racket (which is a valid point):

1. Generation X got suckered into that as well, and we don't bitch about it.

2. I want you to be real sure to blame the Left for it, because that's who runs the higher education "system." Be sure you have your facts straight about who created the nightmare.
Anonymous Coward
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04/20/2017 02:26 PM
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Re: I feel bad for millennials, they don't have a chance
You left out joining the military bro... Yea you may get drug into war but school is paid for
 Quoting: 4D Viewer


Yep. With a college degree, most branches will put you through Officer's school. They will pay off your loans and you give them 6 years of your life. You'll make O-2 or O-3. You will travel, gain new skills, learn to be a leader, not a whiner. Come out of active duty, stay in reserves, apply your newly acquired knowledge and have veteran's preferences. Oh, and there is a very small chance you may be killed. But, living in squalor in an unhappy life, up to your ass in debt is not much to look forward to.
Nameless the Deplorable

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04/20/2017 02:29 PM

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Re: I feel bad for millennials, they don't have a chance
My 3 millennials were homeschooled, then went to trade school(Welder, Electrician, and Nurse). All is not lost.
 Quoting: javierruizleon



Nice! Good job!

We homeschooled our daughters as well. Our oldest is a comic book artist and a graphic designer.

--
'If you're going through Hell, keep going." -Winston Churchill

"The only thing necessary for the triumph of evil is for good men to do nothing." -Edmund Burke
everLearner
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04/20/2017 02:38 PM

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Re: I feel bad for millennials, they don't have a chance
There's plenty of IT work available for people without degrees. Get a certification or two and start entry level, even if it's end-user helpdesk. Although you won't make much initially, one will gain experience which is the most important thing in getting a better IT job. Having certification in the same technology you are experienced with is a huge resume boost, and can also lead to raises and promotions with a current employer... With patience, promotions come relatively easy to a helpdesk person who gets certified in whatever database technologies are used by the company. You can land an Administrator role before you know it.

In my experience, being intelligent, experienced, professional and certified are the keys to truly gainful IT work. In every interview I've had, a degree was never mentioned a single time. Sure, they might list it in the candidate requirements, but it rarely comes up and can be easily offset with experience, etc. Tons of brilliant IT people don't have degrees, to this day.

I'm now a Business Intelligence Developer for a Fortune 500. Also doing my own work on the side.

The only 'student debt' I've ever had was a mere 3 grand for some very specialized Oracle Database training years ago. It was a good investment that ended up paying off big time.

Last Edited by everLearner on 04/20/2017 03:00 PM
Astral Goat
From the deep space petting zoo...

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04/20/2017 02:39 PM

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Re: I feel bad for millennials, they don't have a chance
Yes it's all their fault ...
When it's you and me
We don't need no one to tell us who to be
We'll keep turning up the radio
What if you and I
Just put up, a middle finger to the sky
Let them know that we're still rock 'n roll
Anonymous Coward
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04/20/2017 02:42 PM
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Re: I feel bad for millennials, they don't have a chance
Rent only $900 a month? That is cheap! Especially in a good neighborhood.
Anonymous Coward
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04/20/2017 02:58 PM
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Re: I feel bad for millennials, they don't have a chance
I blame some of it on the generation prior, my generation, for not providing a path for these children. The greatest skill you can provide yourself, is a financial and self improvement skill type of education, and then teach it to your children. We live in the age of the internet, the greatest library the world has ever known, yet how many actually use it as a supplement for a real self taught education? Never let schooling get in the way of a real education.

When I was in high school, I went to a trades school three hours of every day, for three years. I co-op'd my senior year, leading to a full time position learning under a retired engineer (who worked here for fun). Later, it led further into the engineering field without the requirement of the degree (saving many tens of thousands of dollars). While all of my counterpart students were busy enjoying lunch, and skipping school, I was there walking the uneasy path learning life skills (missing out on part of lunch), which has panned out very lucratively today. Today, I engrain this same process into my children. Many schools today, have jump start, skill type programs available. If it's not initiated in high school, your late in the game, competing with the world, trying to figure things out after high school.

Teaching your child how to think helps them in ways they may not know. First, they should understand that there are multiple paths up the mountain. One is college, and the other are skilled trades, or life experienced positions. College, is the expensive option, so it should be done tactfully. Are they pursuing a degree in usefulness, or a degree in uselessness? What is their ability to land a job in their profession of choice? Lastly, when it comes down to cost, you really need to think it through. You are taking on a house payment, without a house. Do you need to go to the most prestigious and expensive school, or will community college help pick up that slack?

When was the last time you ever asked a professional, which college did they attend, and what was their GPA? For all you know, that doctor 'may' have only skated by his classes with the lowest grade possible required to pass. A piece of paper, does not define ability nor intellect. It only provides a great starting point in life, at a hefty financial cost.

Millennial have issues, but I think our generation helps contribute to their confusion. If you as a parent of a millennial or younger, have things sort of figured out, then it's your responsibility to help guide them. So, what am I doing next? My youth is now riding as a rider on my credit. They'll have all the perks of a solid score, before it's needed.. My parents never taught me this stuff, they did their best given what they knew. It's up to us all to figure this stuff out. Your financial education is important more now than ever before.
Anonymous Coward
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04/20/2017 03:06 PM
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Re: I feel bad for millennials, they don't have a chance
12,000 for a used car? The fuck?
MILLENNIAL
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04/20/2017 03:07 PM
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Re: I feel bad for millennials, they don't have a chance
Millennial here

excellent write up!

I escaped.
Nice full time job, no college, but independent classes specific to my career.
Class B CDL
strong WORK ETHIC
Happily married, in my own home.

no credit card debt.
ranjmaz

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04/20/2017 03:09 PM
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Re: I feel bad for millennials, they don't have a chance
"The average cost of living on campus at a 4 year public school in a typical mid-western state is about 22,300 per year, taking on campus living with meal plan and books into account. "

I can vouch, as for Central Mich Univ (CMU), that is almost dead nut. About 12K for 30 credit hours, and another 10.8K for unlimited meal plan with housing.

"No one eats on $150 a month without getting serious health problems."

We eat a mix of pork/beef/chicken/fish for under $3 per pound. I may average 1.5 lbs of that a day. Veggies, etc with it. Certainly can come out to $150. Go more towards pork, cheaper yet. Lean Hogs are 70 cents a pound.

"1. IT jobs don't pay that much anymore, unless you have LOTS of experience and GREAT skill at it. Someone fresh out of college is lucky to get a 30k a year job in IT. I have an IT degree and started at 25k in a tech support position at a public school."

That's hard to believe, I got an offer within 1K of that amount back in 1994. My nephew and his friend both graduated within the last year and both got jobs paying low 70K. For experience they worked for the Univ's PC Repair and Tech Ops for several semesters. Neither was stellar with grades, just over a B average.

"Nothing has changed in 25 years."

Depends what your idea of 'change' is. 24 years ago tuition at CMU was $85 per credit hour. This year it was $405. Over those 24 years, the increase was 6.72125% yearly. I used the following formula: 85 x 1.067215^24 = $405.01

I'd call that 'change'.

24 years ago, I was making $4.10 cents working at college. Using the same pct increase as tuition, I would be making $19.54 cents per hour mopping floors. Which is 40K, and ironically 10K more than the poor IT saps with a degree are starting out at ;-). Now, I know some kids are going to school and making 10.nn an hour, but not double that. I'd call that change as well.

Ironically, CMU, despite 24 years of increasing tuition 6.72125% yearly ON AVERAGE is facing a 15 Million dollar short fall this fiscal and another 5 M already for the next.

Summary, brick and mortar is NOT WORKING and is NOT Mathematically Sustainable.

In 24 more years, at the same percent increase, it will cost $1930 for ONE credit hour. To obtain the necessary 124 for graduation, it will cost $239,320 approaching a quarter million. This does NOT take into account room and board and subsequent interest payments.

Folks, that is not going to happen. If it does, I'd like to hear how people worked 2 jobs and graduated loan free though, lmao.

Luckily the Health Care debacle will precede the tuition issue by several years, so most will already be fubar, and you can only get so fubar.
HarshingMyMellow

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04/20/2017 03:10 PM
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Re: I feel bad for millennials, they don't have a chance
My 3 millennials were homeschooled, then went to trade school(Welder, Electrician, and Nurse). All is not lost.
 Quoting: javierruizleon


The generation behind them identify as conservatives, you are correct, all is not lost.

The way the libs are acting attracts no one to their cause.
======================================
Only a virtuous people are capable of freedom. "As nations become corrupt and vicious, they have more need of masters." - Benjamin Franklin
Anonymous Coward
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04/20/2017 03:12 PM
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Re: I feel bad for millennials, they don't have a chance
[link to money.visualcapitalist.com]

^That's 1 reason why things are harder today.

If I see one more idiot post crap saying we aren't suffering hyperinflation I'm going to punch something.

Germany went through this during the Weimar Republic. Except they went through it rapidly, the US is going through it slowly.

Our economy is trashed. Our currency is worth shit.
Anonymous Coward
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04/20/2017 03:17 PM
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Re: I feel bad for millennials, they don't have a chance
The young man has been affirmative actioned,women's rights, h1bed,wetbacked and currency inflated out of usefulness.

No wonder their rates of suicide is on the rise.
MFiera

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04/20/2017 03:20 PM
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Re: I feel bad for millennials, they don't have a chance
People can't get jobs that don't exist and they can't pay down on debts with money they don't have.

It's not that every millennial is a lazy scumbag. It's that the lazy scumbags that own this country realized they could export a vast cornucopia of decently paying jobs to dirt countries and pay them pennies.

We got sold out. Plain and simple.

Why pay some recent grad 30k/year to do some entry level IT job when you can pay Ahmed over in Mumbai a buck an hour?

Anyone who says otherwise is either an delusional old fart and/or one of the bastards that had a hand in screwing us.
GLP is an INSTITUTION
Anonymous Coward
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04/20/2017 03:23 PM
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Re: I feel bad for millennials, they don't have a chance
No one eats on $150 a month without getting serious health problems.
 Quoting: Anonymous Coward 74189916

Depends on where you live, in the Midwest, food is dirt cheap and I can live on 50-70 per month of food easily.
Anonymous Coward
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04/20/2017 03:24 PM
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Re: I feel bad for millennials, they don't have a chance
I've noticed a scenario lately that seems to be getting worse each year for our young people: It has become nearly impossible to get a good job and be "well-off" self sufficient as a millennial without having well-off parents before you.

Consider this - A white male is 22 years old today. His parents had no money in savings. He wanted to go to college, but the only way to do it was student loans or working. The average cost of living on campus at a 4 year public school in a typical mid-western state is about 22,300 per year, taking on campus living with meal plan and books into account. So he took out student loans, to the tune of about 90,000 over 4 years. He graduated at 22, didn't find a girl at school to marry so he's on his own for now. Because he wasn't a minority or had any sort of disability, he had no assistance in his school cost.

He starts to look for a job. He must find one within 6 months of graduating to begin paying back his student loan. Because he had no credit and because his parent had no money, the interest rate on the loan is 6% (this is pretty standard and sometimes much worse). He will pay $1000 a month when the repayment starts.

In his job search for a good paying blue color job (40k+ to start), he comes across multiple applications that require a facebook profile link and a linked in profile link. If he doesn't have a Facebook or linked in, he isn't getting hired. If he has it all private, he isn't getting hired. If he has too many pictures and stories of his college days, he isn't getting hired. If he has made comments about how much he supported trump during the campaign that are easily found via a google name search, he isn't getting hired.

He finally finds a job in information technology, which he studied at school. He starts off with no experience and is making 45k a year, or about 3900 a month. After taxes and health insurance, he's bringing home about $2600 a month.

$1000 of that is gone to student loans. That leaves $1600 a month. He needs to look presentable and purchases a decent used car for $12,000. That costs him $200 a month, down to $1400 left. Add car insurance at $100 a month, $1300 left. He needs to eat, so $150 minimum per month to not be down to bare bones. $1150 a month left. He needs a place to live of course and finds a decent apartment in a good neighborhood, which will cost $900 a month, plus renters insurance, which is $100 a month. Down to $150 left. Interested in savings some cash? Going out with some friends occasionally? Purchasing a few entertainment items or furnishing items? Forget it. The only option left is to get a credit card and start racking up debt on it, which will will be hard to pay down or off without a significant raise.

So what are the options? First, the young man could have skipped college and the student loans. This would save him a significant expense over the next 10-15 years that amounts to 120k worth of debt that was never taken on. Second, he could get married. While this potentially doubles the loan debt if the person he marries is in the same boat, it could also allow a cut to living expenses and such in half, making it at least a little easier. Third (the most popular option), he could move back in with his parents. It would take several years to build up funds that aren't used toward housing and insurance, but at least he wouldn't be flat broke at all times. Fourth, he could attempt to make it on his own as described above and basically be broke all the time. There is a great chance his student loans will go into default as he finds it a burden to pay them each month, and the cycle of debt begins, with no ability to remove them from bankruptcy. Fifth, he could have been born to well-off parents. If his parents could have paid for his college tuition, he would be in much better shape.

In conclusion, for those of you that say millennials are babied and coddled, entitled, and doing this to themselves, think about how many millions of people right now from 22-34 or so are in this boat. There is a reason the student loan debt bubble is so huge now. The only chance they really have is to either be smart enough not to take student loan debt, even if it costs them jobs at large firms that essentially now all REQUIRE a degree, or they must have been born to a rich family. It's such a shame we are doing this to an entire generation of kids, but it's going to make the next 30 years or so a real challenge for us all when the next great recession hits because of it, only this time no one will have the funds to "buy our way out of it."
 Quoting: Anonymous Coward 3975992


It's not that they don't stand a chance, people today just make bad choices and doesn't know how to budget. Going off the example you provided above, his first mistake was paying 90K+ to go to college just for an IT degree. The first thing one must understand is, if you're just wanting to get into IT you don't need a degree to do so.

Your example pretty much is me. I came from a family with no money, I work in IT making $50k/year, the only difference being was that when I was in high school I knew I wanted to work in IT. I also knew that I didn't want to pay $90,000+ to go to college, and I also knew that having to have a degree was pure bullshit unless you wanted to become a doctor or lawyer. A degree means nothing, I knew this, so I opted to skip college and immediately after graduating High School I got into an entry-level position in IT and over the years I gained enough experience and knowledge that I was able to work my way up.

Since then, I've been able to save up plenty of money on top of having had a retirement fund since the day I started working after high school. The last time I did the math on what I have in my 401K and other investments on top of what I have saved up, I could easily retire when I'm 50 if I wanted to.

So you can't tell me that millennial's have no chance, they have just as much of a chance as I did, the problem is that millennial's tend to be lazy, spoiled brats who thinks the world revolves around them and that everything should be given to them. That's now how it works.
SunshineRay

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04/20/2017 03:27 PM

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Re: I feel bad for millennials, they don't have a chance
Class of 09 went to culinary school forn6 months aboutt 3700. Nownafyer this yearsbtax return i only have about 700$ left after yhem taking it away. I work a job paid cash and people tell me to file uneployment lol wtf world are we lovin in man glad im not 90.000 in the hole
 Quoting: Anonymous Coward 73627071


Huh?
Anonymous Coward
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04/20/2017 03:28 PM
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Re: I feel bad for millennials, they don't have a chance
This whole situation makes me so sad, having an 11 and 9 year old. I fight my spouse all the time about even sending them to college, at least until they know what they want to do for real, and not being forced to pick a major when they have no idea what life is like. He is still stuck in the mind set of college is just what you do after high school. That, and it was "the best time of my life and we wouldn't want them to miss out on the experience"! My opinion is the experience now days is just brainwashing and completely different than ours. It turns them into semi adults that have no idea about what real life entails. There are many ways to be productive that don't involve a four year degree. This is usually figured out, however, after $100k in student loans have been racked up and 4 years wasted.
Deplorable NO MORE Michele B

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04/20/2017 03:28 PM
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Re: I feel bad for millennials, they don't have a chance
Trades.
More emphasis needs to be put on the trades.
 Quoting: Starbird


This is true.

When you talk to tradesmen in the field, they will tell you it's hard to find good help.

As far as college, anyone who thinks just taking out student loans and letting the debt rack up while you party out in college for 4 or 5 years is an idiot. We ALL worked part-time and paid for part of it ourselves....not to mention there are TONS of scholarships out there.

Sometimes you can even get a scholarship for some weird shit - let's say - if you're a "single dad working at a part-time job...." or "first Hispanic in your family to go to college..."

There are TONS of ways to get scholarships, but don't rely on the counselors...do your own legwork.

Google is your friend.
Deplorable NO MORE Michele B

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04/20/2017 03:29 PM
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Re: I feel bad for millennials, they don't have a chance
Class of 09 went to culinary school forn6 months aboutt 3700. Nownafyer this yearsbtax return i only have about 700$ left after yhem taking it away. I work a job paid cash and people tell me to file uneployment lol wtf world are we lovin in man glad im not 90.000 in the hole
 Quoting: Anonymous Coward 73627071


Huh?
 Quoting: SunshineRay


This is what happens with an expensive college degree.
Anonymous Coward
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04/20/2017 03:33 PM
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Re: I feel bad for millennials, they don't have a chance
Never seizes to amaze me, the cost of the american education system.

A Bachelor costs me 910€ without food and housing.

Does paying hundred times that amount result in a 100x better worker?

rant
 Quoting: BHZP 74724661


you have to realize that the entire liberal political apparatus as well as much more is being funded by the college scam.
darkwolf007

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04/20/2017 03:39 PM

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Re: I feel bad for millennials, they don't have a chance
Nice write up.

wwfthumbsup2

5stargif
 Quoting: TheToolMan


Yep. I'd be successfully suing each business requiring a social media account just to be hired. It's easy money, guys... Otherwise the No Discrimination/Equal Employment thing is pure propaganda and becomes "Why get a job when you can steal from the stupid people who are all stupidly working?".

Maybe all out nuclear war and the Chinese and Russian invasion of the U.S. will be nothing but great benefits for my fellow intelligent and good individual at this insane rate.
Evil shows up; it blows up - Ash

The most abject terror inducing words in all of the English language - "I'm from the Government, and I'm here to help!".

"Some even believe we are part of a secret cabal working against the best interests of the United States, characterizing my family and me as internationalists and of conspiring with others around the world to build a more integrated global political and economic structure; one world, if you will. If that's the charge, I stand guilty, and I am proud of it." - David Rockefeller

"The supranational sovereignty of an intellectual elite and world bankers is surely preferable to the national auto-determination practiced in past centuries... We are on the verge of a global transformation. All we need is the right major crisis, and the nations will accept the New World Order." - David Rockefeller

Pepperspray: The new Liberal cologne.
Anonymous Coward
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04/20/2017 03:40 PM
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Re: I feel bad for millennials, they don't have a chance
These issue are all legitimate, but while it may take Millennial's longer to achieve a "normal" life, it's not out of reach. Yes, I have student loan debt, and no, I have not started paying it back. I only have about 10k in debt, which I took out due to my car needing to be replaced (I went to school 45 minutes from where I left due to cheap rent, worked an hour out as well). College was not easy, and I had no life. I went to school Tuesday and Thursday, worked Monday, Wednesday, Friday, Saturday, and did homework/caught up on things on Sunday. I went to school using grants, which I attained due to living in such poor conditions and making such little money (not necessarily a choice at the time, but a convenient annoyance).

I moved to the town where I attended college for my last year and lived with some friends. I crashed on the couch for a bit, got on my feet with a new job, and covered the bare-minimums without being able to put much away. That being said, we all pitched in and cared for each other, so in the end, we all made it out and on to better things.

After I graduated I did have a few years of ass-busting left. Worked as a Night Auditor for 3 years, never saw the sunlight, and never had time to socialize with my friends. We worked hard and eventually all reached the point where we were ready to move out. My gf and I moved in with her parents to save some money, but were out of there and in our own apartment within 6 months. It's almost 4 years since I finished college, I finally landed a worthwhile job bringing in 35k/year. I am in a position to save money, cook meals, and take care of myself. My girlfriend and I are planning to get married, and eventually have a child, but right now we're getting on our feet, living humbly, and enjoying our time together on this beautiful blue ball.

I'll eventually pay off my student loan debt, and I can empower myself to work hard, so I'm not worried about my future. Now my remaining goal is to eventually start my own business and step away from the corporate world forever, but that's a whole different story.

Thanks for listening, and I hope any Millennials reading this can be inspired to keep pushing toward something better, especially when things seem most dire.
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04/20/2017 03:41 PM
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Re: I feel bad for millennials, they don't have a chance
Class of 09 went to culinary school forn6 months aboutt 3700. Nownafyer this yearsbtax return i only have about 700$ left after yhem taking it away. I work a job paid cash and people tell me to file uneployment lol wtf world are we lovin in man glad im not 90.000 in the hole
 Quoting: Anonymous Coward 73627071


Huh?
 Quoting: SunshineRay


This is what happens with an expensive college degree.
 Quoting: Deplorable NO MORE Michele B


$3700 on culinary school is not an expensive college degree.
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04/20/2017 03:43 PM
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Re: I feel bad for millennials, they don't have a chance
You don't need to go to college to earn a good living.

Get a job in a machine shop. Start off deburring parts if you have to. If you show up on time every day and do a good job you'll start moving up the ladder. Show them you're responsible and want to learn and they may train you to be a CNC operator and eventually a programmer. Just keep at it and do your best and you'll make it.

That's what I did.
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04/20/2017 03:49 PM
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Re: I feel bad for millennials, they don't have a chance
As for the student loan racket (which is a valid point):

1. Generation X got suckered into that as well, and we don't bitch about it.

2. I want you to be real sure to blame the Left for it, because that's who runs the higher education "system." Be sure you have your facts straight about who created the nightmare.
 Quoting: Anonymous Coward 3708203


The average cost of college in 2000 per year for a public school in the midwest was under 10,000 per year. 4 of college in the year 2000-2004 (end of GEN-X time frame) was about 50,000 maximum for public schools. While it's correct that the amount is not a low debt to incur, since 2000 the college loan debt per student per year has more than doubled to today.

The average household income in 2004 was $55,629. The average household income in 2015 was $56,514.

It's pretty simple to see that the earning potential and buying power decreases substantially when the median household income stays nearly flat for 11 years while the cost of college tuition increases 220%

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