Median income for Millennials across the U.S. - this may surprise you

You continue to fib. This merely informs me that you cannot master a coherent argument.

 

Hint: debt based consumerism failed.

You have failed to allow the bad debt and malinvestment to purge itself. No sense looking any further for solutions. You won't find them

 

Can you say market socialist and ristricts government in the same sentence again?
And place a fib on top if you can...

 

Market socialism is easily embedded within an Austrian Economics context. The problem here of course is that you don't know very much about economics. Rather than acknowledging that, you make ludicrous comments and attempt humour. The stand-up opportunities haven't arrived have they?

 

oh crap, now it's getting good.

.

 

Imagine if you could actually respond with economics. Its a stretch, but imagine.

 

Those student loans allowed all those millenials to go to college and focusing on their studies, they did not have to worry about paying for each semester or the monthly rent, they did not have to work and go to college part time. Ideally, those millenials should have concentrated on their education.

But they did not. They squandered their opportunity, and now they are unemployed and in debt. I have no sympathy for them, in fact I despise those that foolishly built up student loan debt and now want to abandon their obligations and force the debt onto those who were responsible.

Why is there so much outsourcing and automation? Partly because the USA work force is poorly educated and poorly trained, they are not prepared to have a job. They cannot do basic arithmetic and need a calculator or cash register, they have poor work habits from never having to get a simple job as a kid and from weak parents, and many are just simply lazy and looking for a handout.

 

You're very anti-American. You wish Americans were more like Germans?

 

Yeah, whatever that means.

Yet another telegraphic post. Yawwwwnnnnnnn ....

 

And you wants no infringement upon free-action, thinking that your-part is more important than the whole.

Which is why Income Disparity has run amok in the US since Reckless Ronnie changed upper-income taxation.

The US nowadays is a hopeless three tiers of the Obscenely Wealthy and the Poor, with those in between wondering which way they are going - up or down.

And if we don't smarten up, that's the way it will stay ...

 

The person who supports giving trillions to failed banks is crying about income disparity and can't figure out how it happened.

 

You don't know what debt based consumerism is?
You don't know what letting bad debt clear the system means?
Please tell me you're joking

 

You economics is rather void of usefulness if it needs government force to control behaviors

 

just a wild guess here but it's probably a certainty you've never been to college...don't know why engineers, scientists, lawyers, MDs bother go to college as their educations are worthless according to you...

 

what scientists are those? what are their fields of study? how many exactly?
everyone is looking for a job at some time or other regardless of their training or expertise ...

but one thing is certain, a tertiary education is anyone's best assurance of well paying employment...

 

according to posts from the under educated here there are lots of americans without college degrees to do those jobs so immigrants aren't needed

degrees create jobs...there are lots of jobs but under educated unemployed americans(no the steel and coal industries aren't coming back) choose not to do them and immigrants are required to fill those positions....so two groups find the work, the college educated and immigrants...

 

all degrees are marketable sometimes the degree holder needs to expand their search from what they earned the degree in...

one of my daughters has a couple of degrees (employer is now paying for her to complete a MBA) one of her degrees is in History which is what you'd expect for an archivist or teacher...but she used that to land a career in Medicine, coordinating drug studies between MD researchers and Pharmaceutical companies...how did history degree help? Historians are document experts, everything must be accurately meticulously recorded, precisely what Pharmaceutical companies and MD Researchers require...once she has her MBA completed six figure salaries await her ...

 

I'm quite sure if you look up the definition of loan it does not mean free

 

No, I am very pro-American. I hope Americans get their act together.

 

And you would be very wrong.

I am pro-education. Education is always a good activity. Going to college does not equate to education, in these current times, a high school or a college diploma does not mean a person is educated.

Many people seem to think that simply sending everyone to college is the solution to all the problems. That's grossly incorrect.

 

True.

But the loans free a student from the worry of funding their education (and delay the payments) so the student can focus on their studies. That's why the student loans are unique and structured differently than standard loans.

Its up to the student to use that opportunity and freedom wisely, to study and become educated and learn skills, to start on the path of a career and becoming a productive member of society.

Its also up to the student to meet his obligations, and to recognize that a loan has obligations. Those obligations are to repay the loan, and to make worthwhile the investment society has made in the student.

Many millenials squandered their opportunity and now want to push the consequences of their poor decisions onto other people.

 

I don't know anyone who thinks college is answer to all problems.

 

nonsense of course since you have no idea how much to encourage.

 

You're not an anarchist, nor do you have any understanding of classical economics. What are you left with? "Tax is theft" cliche and shallow comment about fractional reserve banking (minus any credible macroeconomics)?

 

If you check the National Debt Clock-Real Time, available online, you will see they say that todays MEDIAN INCOME is $31,892 and that in the year 2000 it was $31,378...…Median wages have only increased by $514 in the past 18 years....I wonder how much CEO and Executive salaries have increased in that same time frame.....guarantee it is a hell of a lot more than $514.