The Millennial wealth gap: Americans born between 1981-1996 are accumulating savings at a much slower pace than prior generations, study finds

submitted by HeyImSancho from dailymail.co.uk

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[–]HeyImSancho[S] 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (2 children)

College is a perpetrated agendized scam. It's been used to cheat, and steal the money of the people, and more importantly it's been used to steal people's minds, hearts, and souls by way of brain washing.

Worse yet, the wealthiest, and most successful people any of us know, and those that I know in my own life, never went to college. So why are so many people conned into believing it's the only way???

How many reading this realize that almost all professions used to consist of at best, taking a single test without degrees attached?

Prove me wrong, debate me, be intelligent!

[–]cmdrrockawesome 3 insightful - 1 fun3 insightful - 0 fun4 insightful - 1 fun -  (1 child)

A college education, by and large, is a positive in most people's lives. Where I think we've failed as a society is pushing the narrative that everyone should go to college. There are plenty of alternatives that can benefit people and actually might suit them better. Trade schools, apprenticeships, entrepreneurial training, etc. We've seemingly put all of our eggs in the college basket while simultaneously making it harder to afford, even at the state school level. I can see why some people would think it was a massive scam.

The student loan debt crisis will soon come to a head. When it does, expect another massive bailout from the feds. Only then will we reexamine our post-secondary school strategy.

[–]HeyImSancho[S] 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 1 fun -  (0 children)

College is positive in a lot of folks eyes, but more so as a sign of achievement they hang on the wall; proof for this are all the college scandals right now; where idiots that truly couldn't survive on their own, and without money, are buying their way into schools.... Doesn't say too much for any alum who has a degree from any of those schools.... The discernment between who earned, and bought is too much.

Away from that, I totally agree with other avenues such as votech, and trade school. There are a number of trades that offer real wages, and benefits for journey level workers. I had a buddy who graduated high school, worked for an electrical contractor; by the time he was 22, he had his Master's license, and since high school, he'd earned just over 100 grand in total.

Contrast that, with the electrical contractors daughter, who went off to college; when she was 22 she'd amassed a debt to her father in excess of a 100 grand, didn't have a job, didn't know life.

My friend now makes a lot more than that with his own company. You can take this, and look at many to most of the more successful players never graduate college; there was a time when that was said of high school as well.

I think we're being snowed under with the details a little too much; perhaps wasted information, or wasted scape goating, or something.