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Re:Half of the US government's financial assets are student ... by SheepSlapper on Friday January 12, 2018 @04:51PM (#16136653)
> Millennials are the most educated generation in history. Yet there are record numbers of them working off student debts as waiters and bartenders, and supplementing their income on the side with ‘gigs’ (like being an Uber driver)

We're the most educated in history, but many people decided to use that education to learn topics that aren't lucrative/in demand. Personal responsibility plays in a ton here, and some people made bad decisions. It's still simple/easy to get a good education at a state school, entirely paid for by loans, and come out with a degree that will allow you to pay those loans back in a few years. People who plan accordingly benefit in a HUGE way from the availability/accessibility of student loans, the barrier to entry is that much lower.

As far as SS goes, I'd be happy to see it fail but I'm also happy to keep paying into it without a guarantee of return in order to ensure my parents generation doesn't find themselves destitute. There are so many ways to plan for your future, having the government come in and force you to participate in SS is far from ideal. Not sure how my fellow Millennials feel about that, though...

Re:Half of the US government's financial assets are student ... by michaelchisari on Friday January 12, 2018 @05:00PM (#16136703)
Law degrees used to be in demand. Then everyone went to law school. Now it's not in demand, because there are too many people with law degrees. Now you have people with massive law school debt making peanuts and all fighting for very limited amount of positions.

If everyone studied computer science, every single one of our salaries (save for maybe the top 5% of us, in terms of skills and experience) would drop significantly.

I know the absurd stereotype is that millennials are going to college and studying feminist underwater basket weaving, but there are many, many students who are chasing the "hot" new fields, only to find that they weren't the only ones who had that brilliant idea at 18 years old.

Re:Half of the US government's financial assets are student ... by Karrot_Kream on Friday January 12, 2018 @05:09PM (#16136761)
Many of my childhood friends did that with Biotech. When I was growing up, Biotech was The Hot Thing (TM), and it was going to change the world. Now the ones that didn't like it enough to pursue a Masters/PhD in it are struggling to make ends meet with a cocktail of multiple jobs. The happiest ones mostly ended up leaving to lower cost-of-living parts of the US where it's easier to find lower-middle-class employment.

P.S. Most of my friends grew up in families around the poverty line, so that'll affect my story.

Re:Half of the US government's financial assets are student ... by jfaat on Friday January 12, 2018 @05:03PM (#16136722)
So you call a millennial getting a degree not ‘personally responsible’? Disclaimer: anecdotes ahead, but I know many, many millennials who grew up hearing ‘Just get a college degree and you’ll be in good shape’ who did and aren’t, respectively. Not everyone is geared toward being an engineer or mathematician or scientist. For those who aren’t, and followed the resounding conventional wisdom to get a degree, largely got screwed. Full stop. Personal responsibility would hold water in a world where millennials gave up on the system and got screwed. This isn’t that world.
Re:Half of the US government's financial assets are student ... by prepend on Friday January 12, 2018 @05:16PM (#16136816)
“Just get a college degree” means they weren’t listening closely. I heard to get a marketable degree.

I have friends with English degrees with no student loans that are happy. I have friends with English degrees with $150k in debt, not happy.

Re:Half of the US government's financial assets are student ... by SheepSlapper on Friday January 12, 2018 @06:24PM (#16137185)
It depends on the degree. I'm a Millennial and got my CS degree for $15k, which was a smart investment (and make no mistakes, degrees ARE investments). At the same time I have a friend who is going into a few hundred thousand dollars worth of debt to get a PHD in History. That's not a good investment, when you look at time + money vs return.

"Just get a degree" is bad advice. I know electricians that make more money than me, and work shorter hours. "Get a skill" is good advice, and college is only one way of doing that. But you can't dismiss personal responsibility when it comes to decision making, both good and bad.

Re:Half of the US government's financial assets are student ... by dreamcompiler on Friday January 12, 2018 @10:23PM (#16138114)
> I know electricians that make more money than me, and work shorter hours.

I don't know what you do for a living, but I'm guessing it doesn't involve contorting yourself into a pretzel inside a hot attic and twisting wires together all day. Electricians work hard and come home sore.

Re:Half of the US government's financial assets are student ... by SheepSlapper on Saturday January 13, 2018 @02:12PM (#16140802)
I sit at a desk getting carpal tunnel and fat. I've got respect for my buddies doing what they do, and being successful without a college degree. That's more or less my point, college isn't a good investment for everyone.
Re:Half of the US government's financial assets are student ... by wocka on Friday January 12, 2018 @04:55PM (#16136672)
>Personal responsibility plays in a ton here

Except everyone is constantly told they need to go to college by authority figures as they go through the education system. There's also responsibility that falls on employers demanding college degrees for jobs that in no way need them, e.g., secretary.

Re:Half of the US government's financial assets are student ... by Density on Friday January 12, 2018 @05:04PM (#16136732)
STEM grads are only mildly better off. Turns out the sem parts of stem haven't experienced the same jobs boom:

https://mobile.nytimes.com/2017/11/01/education/edlife/stem-...

Re:Half of the US government's financial assets are student ... by jpapon on Friday January 12, 2018 @05:01PM (#16136714)
> As far as SS goes, I'd be happy to see it fail

I wouldn't. If SS fails, there will be riots, if not armed uprisings in the streets.

Re:Half of the US government's financial assets are student ... by noobermin on Friday January 12, 2018 @05:04PM (#16136725)
>We're the most educated in history, but many people decided to use that education to learn topics that aren't lucrative/in demand,

People keep saying this as if it's true without citing anything regarding it. Is there any hard evidence this is true?

Re:Half of the US government's financial assets are student ... by johnchristopher on Friday January 12, 2018 @04:58PM (#16136693)
What's SS ?
Re:Half of the US government's financial assets are student ... by golem14 on Friday January 12, 2018 @05:01PM (#16136709)
Social Security ?
Re:Half of the US government's financial assets are student ... by sangnoir on Friday January 12, 2018 @05:54PM (#16137045)
Social Security
Re:Half of the US government's financial assets are student ... by cozzyd on Friday January 12, 2018 @05:00PM (#16136704)
social security