volvoclearinghouse said:In reply to mtn :
I liked your comments, but I also have to add my own: "berkeleying-Aye Right"
I've been working since I was 15, took out student loans to pay for college (at a not-a-state school), paid them off, and just bought my first new car last year- shortly after I turned 40. Oh, and I bought a house right in the middle of the housing bubble in 2005. Guess what? I kept paying on it, didn't get foreclosed, and still own it.
Yes, I have been fortunate that I've been consistently employed. But I've also done side jobs to make extra cash, like you have, and my personal savings rate has always been at least 10% of my gross income.
FLOUDER, but not really- politicians on BOTH sides of the aisle are simply pandering to whoever their perceived constituency is, more and more, by simply tossing (or, promising to toss) "free" money at them.
berkeley 'em all. I'm off to work.
I'll make the flounder worse.
I'm 51 now, and when I was in school, I didn't have to take a single loan out. Not one. Not because we were rich (we were not) but because school was CHEAP. Even when the tuition went up for my Sr year, it was not even the cost of a cup of coffee a day up.
That was in the era before massive state tax cuts to education.
Then, when I went to grad school, it was 100% paid for by the school and me being a TA. Out of state tuition was MUCH higher than my original school, but it was a fraction of what it is now. Before Michigan cut taxes and cut education spending....
Thanks to that, I got my first real brand new car when I was 32. And have had no issue saving for an early retirement.
Really, the much lower cost tuition people have a point, given that THEIR parents benefited by it.