I just think the left wants to dictate to much to people and I fear they once they let the government determine what they will get the government will always determine what they get. I'll take my chances with the corporations.
College is retarded expensive, and a bachelor's is nearly as valuable these days as a high school diploma once was.
We also had a massive influx of government money into student loan programs. Much like when Clinton decided not enough subprime buyers were going loans we blew the housing market up. There was other stuff going on but do you remember when you needed 20% down to buy a house? Join the military to pay for it. There are all sorts of ways.
Wages flatlined 15 years ago, and there's no suggestion of improvement. Companies are posting record profits while entry and mid-level employees are struggling.
Women entered the workforce and doubled the labor supply. To record profits well yes our system is designed to generate profits. They should always be record profits to keep up with inflation. WMT is paying 10 an hour. They are not generating record profits.
Practically no private sector companies offer a pension when it used to be somewhat common.
I have mixed feelings on 401k's mainly because people don't understand stocks or take the time to learn. Likewise when i was looking at buying a house I was making about 30k. My wife had some part time income. The bank was going to give me 135k (zero down) at 6.5% on my salary. I was like the fuck you are. But that is on me. If you are dumb with your money someone will always take it.
Then I went on to watch the market implode and a guy not pay his mortgage for 3 years before the bank finally evicted him. But we stuck it out. Now we got record rental rates because the clowns that all got evicted still have live someplace. Housing has mostly come back. I know people who pulled out of 401k's in 2008. I don't know. At some point we do a disservice with governmental regs. But people are fucking idiots also. Figure it out people. You got the net. Use the google.
I made more than that working terrible retail jobs without a degree.
Not everyone should go college.
But they're buying things to try and make themselves not have a miserable time while they're trying to get established.
Money won't make you happy. It really won't. You know back in the 1950's a soda was a special thing. A tv was nearly like buying a car. Beyond food, water, and shelter everything is optional.
I just hear my friends who I know make as much as me and wife, if not more, bitch about having no money. You don't have money because you buy stupid shit, got out to eat all the time, and have 2 children that crapped out right after college. You then bought the biggest house you could afford.
Further I have instructed my wife we are never to tell anyone we own our home or what we have in our accounts. People are assholes. I've even hear stuff well like they don't have kids they can afford it. Fuck off. No one put a gun to your head. No one will be taking care off us when were are older, although that isn't guaranteed anyways even if you have kids. Nearly everyone I know could have done what we did, but they didn't. That's fine.
Here. I don't know what you make. There is free money for you if you are qualified. Start a Roth IRA and put it in a low fee target date fund either at vanguard or fidelity. Then forget you own it. Of course pay off any high interest loans first etc etc.
Stocks are socialistic instruments. They give you ownership in the company. Anyone can be part owner in a company.
Is "Berniebots" are merely hopeful people who recognize that we've been getting screwed - as well as most others - and hope that a majority of others can recognize the same.
You aren't being screwed. You want free gibs and free money. You are the me generation that has been told you are special when in reality you aren't.
Nothing is free and passing laws will unintended consequences. Like leaving that money parked offshore. Shareholders would revolt if they brought it back at 35% tax rate.
Sorry for the obscenely long comment...
Me too.