dj92wa t1_j9ircmn wrote on February 22, 2023 at 6:56 AM

Reply to comment by What_Yr_Is_IT in Many Americans need Wendy’s dumpster to afford student loan payments without Biden's forgiveness plan: Survey by TheFleshGordon

My uncle just passed away last month from cancer, and he was churning high 6 figs as an aerospace engineer/inspector, being pulled into NASA and Lockheed Martin missions and whatnot. The guy never even had a college degree. There's absolutely zero chance you could do that today.

Meanwhile, I got an accounting degree a couple years ago, and it took me a year and a half after graduating to get a job that covered cost or living and loan repayments. At my age, my uncle was already at about the $100K mark....and that was in 1986....in today's dollars, he was making $241K at my age, while I'm at like a quarter of that.

We don't stand a chance.

What_Yr_Is_IT t1_j9k3vw0 wrote on February 22, 2023 at 3:54 PM

This is my point EXACTLY. In order to make it today, you need to spend money on a degree. Sure yea you can be an entrepreneur and start your own business, but if it was that easy, everyone be doing it. You can farm, but that’s also highly subsidized. You can code, but those jobs are being farmed out to India. There are other means to make a living, but to become an executive at a firm today, the requirements are totally different than what they used to be

I tried to start my own business and failed, cost me $20k

I have my MBA from an M7, and pulling in 6 figures and now having a child. My first. At 40. And freaking out how to afford to pay for him. My boomer parents at this time had 4 kids, in and out of 3 houses, multiple cars, etc. both had union jobs working for 1 company their entire lives with a pension.

They’re anti-union, hate any talk of helping student debt relief, etc. they’ve created the world we’re in today and the hurdles for their kids to climb and are actively trying to make it worse while complaining we live in their basements still.