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Message

re: Quiet Quitting? Well that a new term.

Posted on 8/21/22 at 10:23 am to
Posted by JudgeHolden
Gila River
Member since Jan 2008
18566 posts
Posted on 8/21/22 at 10:23 am to
quote:

Were you able to send your kids to public schools?


Did you mean private?
Posted by SlowFlowPro
With populists, expect populism
Member since Jan 2004
463918 posts
Posted on 8/21/22 at 10:24 am to
quote:

Did you mean private?

No, as this is an LA-based forum, it's a crapshoot if you were able to send your kids to quality public schools. It was an honest question.
Posted by Scruffy
Kansas City
Member since Jul 2011
76464 posts
Posted on 8/21/22 at 10:25 am to
quote:

Are you seriously going to tell me that I had a half million advantage over millennials?
Yes.

Housing prices relative to income

College tuition costs

Wage growth/advancement

Maybe not $500k, but hundreds of thousands of dollars in advantages.
Posted by SlowFlowPro
With populists, expect populism
Member since Jan 2004
463918 posts
Posted on 8/21/22 at 10:25 am to
quote:

The idea that “everyone should go to college” started with the boomers and their kids.

Yeah I get that, but this whole "blame the government" response is literally blaming boomers

Millennials have no power and are just getting to the age where they can start getting positions of power. I'm an old millennial and I'm not even 40. Don't see many Congressmen/Senators/CEOs under 40
Posted by RogerTheShrubber
Juneau, AK
Member since Jan 2009
293053 posts
Posted on 8/21/22 at 10:26 am to
quote:

The Average Undergraduate Student Debt: $37,121


I'll pour one out for the zoomies. That just seems so unfair.
This post was edited on 8/21/22 at 10:28 am
Posted by JudgeHolden
Gila River
Member since Jan 2008
18566 posts
Posted on 8/21/22 at 10:26 am to
quote:

No, as this is an LA-based forum, it's a crapshoot if you were able to send your kids to quality public schools. It was an honest question.


Oh. I see your point.

And no.

I sent them to private school. And we all agree (including them) that was a waste of money.

I went to the absolute rock bottom public schools. I wanted better for them. I don’t think it was.
Posted by MrSpock
Member since Sep 2015
5035 posts
Posted on 8/21/22 at 10:27 am to
quote:

Why are you upset with the Boomers for rising college costs? At what point do you direct your anger at the government and the colleges? You can’t drive through LSU without seeing some type of new construction. How much did that lazy river cost? We didn’t even have a student recreational center when I was there but somehow we managed to get a degree.

More of the under 30 crowd voted for Biden than Trump. Do you really think he is going to improve the situation?


What the frick do you keep driveling on about?

Are you that obtuse you can't recognize that economically on average the boomers had more bang for their buck regarding college and housing versus the average millennial.

This thread isn't about anecdotes.


Posted by JudgeHolden
Gila River
Member since Jan 2008
18566 posts
Posted on 8/21/22 at 10:29 am to
quote:

You aren’t $300k in debt, but $100k is still terrible at the start of your career.


It really depends on the career.
Posted by sawtooth
Baton Rouge
Member since Jul 2017
3588 posts
Posted on 8/21/22 at 10:31 am to
Clearly the boomers were much more successful at succeeding. I get it. You’re jealous.

I was in school in 91. Tuition and books at LSU was around $1,000 per semester.

Something changed after the turn of the century. The boomers ran the schools when I was there and it was cheap. Try again.
Posted by MrSpock
Member since Sep 2015
5035 posts
Posted on 8/21/22 at 10:33 am to
quote:

Clearly the boomers were much more successful at succeeding. I get it. You’re jealous.

I was in school in 91. Tuition and books at LSU was around $1,000 per semester.

Something changed after the turn of the century. The boomers ran the schools when I was there and it was cheap. Try again.



Jealous of what? I make more than you and am worth more than you.


Posted by Scruffy
Kansas City
Member since Jul 2011
76464 posts
Posted on 8/21/22 at 10:35 am to
quote:

Tuition and books at LSU was around $1,000 per semester.
Tuition and books at LSU are now over $6k a semester.

Add another $4k for dorm charges, or closer to $6k for rent off campus.


quote:

Something changed after the turn of the century. The boomers ran the schools when I was there and it was cheap.
Are you saying it isn’t the boomers running these places and it is actually you Gen X folks causing prices to skyrocket?

This post was edited on 8/21/22 at 10:36 am
Posted by Rouge
Floston Paradise
Member since Oct 2004
138110 posts
Posted on 8/21/22 at 10:35 am to
quote:

was in school in 91. Tuition and books at LSU was around $1,000 per semester.

Something changed after the turn of the century. The boomers ran the schools when I was there


Even the earliest boomers were in their mid 40s during the early 1990s. They were not running universities or banking institutions.
Posted by SlowFlowPro
With populists, expect populism
Member since Jan 2004
463918 posts
Posted on 8/21/22 at 10:35 am to
quote:

I went to the absolute rock bottom public schools. I wanted better for them. I don’t think it was.

Yeah I was able to go to very good public schools (in South Lake Charles). My sister and I would have gotten scholarships to private schools if necessary, but my brother would have been screwed if he had to go to LCB or Lagrange.

Not everyone in LA has the option of public schools. Today it's worse than ever and this is another COL increase. "Good" areas are getting hyper-expensive and are a major driver of the insane housing price growth we've seen. This is a direct stressor on millennials, because they don't want to live in a shitty area (Esp if they want to have kids).
Posted by Scruffy
Kansas City
Member since Jul 2011
76464 posts
Posted on 8/21/22 at 10:37 am to
quote:

Even the earliest boomers were in their mid 40s during the early 1990s. They were not running universities or banking institutions.
Yea, that was the greatest generation in those positions.

The boomers weren’t in those positions yet.
This post was edited on 8/21/22 at 10:38 am
Posted by JudgeHolden
Gila River
Member since Jan 2008
18566 posts
Posted on 8/21/22 at 10:39 am to
quote:

Are you saying it isn’t the boomers running these places and it is actually you Gen X folks causing prices to skyrocket?


No. No one can say that. It’s not that simple. The government made cheap money available based on middle class demand. Schools responded by raising tuition. State governments responded by cutting support to state schools, prompting more tuition inflation. And many schools, run by Boomers no doubt, took advantage.

By the way, what was the interest rate on your loans? I think mine was 12.5.
Posted by Mingo Was His NameO
Brooklyn
Member since Mar 2016
35794 posts
Posted on 8/21/22 at 10:39 am to
quote:

I went to the absolute rock bottom public schools. I wanted better for them. I don’t think it was.


You wreak of a guy that's just pissed about everything and everything sucks.

What a miserable way to go through life
Posted by JudgeHolden
Gila River
Member since Jan 2008
18566 posts
Posted on 8/21/22 at 10:40 am to
quote:

You wreak of a guy that's just pissed about everything and everything sucks.


I’m joyful every day. And I LOVE my job.

Swing and a miss, baw.
This post was edited on 8/21/22 at 10:40 am
Posted by BK Lounge
Member since Nov 2021
4925 posts
Posted on 8/21/22 at 10:43 am to
quote:

Something changed after the turn of the century. The boomers ran the schools when I was there and it was cheap. Try again.



Just came in here to thank you for using the term ‘turn of the century’ to describe the year 2000…. Seriously, not even being facetious- every time someone uses that phrase, im reminded how unbelievably fast time is ticking, and that we are already almost a quarter century removed from Y2K , and so i better get to it - whatever ‘it’ is that i want to do b/c time is speeding up every day .
Posted by Scruffy
Kansas City
Member since Jul 2011
76464 posts
Posted on 8/21/22 at 10:43 am to
quote:

No. No one can say that. It’s not that simple. The government made cheap money available based on middle class demand. Schools responded by raising tuition. State governments responded by cutting support to state schools, prompting more tuition inflation. And many schools, run by Boomers no doubt, took advantage.
I know exactly how it happened.
quote:

By the way, what was the interest rate on your loans? I think mine was 12.5.
You keep posting these numbers as if they really mean anything in relation to the situation.

Much like the 18% APR you posted about for housing, I would gladly take a higher interest rate with a lower total.

18% if the housing market was about 1/3 the cost of what it is now? Hell yea! Sign me up.

Considering the total loans you probably took out was about 1/3 of my total medical school loans (although probably less, and I was not permitted to work while in school), I would trade that lower interest rate for your higher one and lower total.

Remember wages have largely remained the same while expenses increased.
This post was edited on 8/21/22 at 10:45 am
Posted by LSUBadger
Member since Jan 2014
2238 posts
Posted on 8/21/22 at 10:45 am to
It seems like a lot of student loans could be avoided by joining the National Guard. The boomers took full advantage of the GI Bill to pay for college. Kids whose parents never sniffed college suddenly made it through and wanted their kids to do the same. Hence the increase in people pursue four year degrees

In the 80’s I knew a hell of a lot of people who were in the NG during college to pay tuition, board etc.

Not everybody is going to join; but there is a viable path to get a solid degree without running up any debt. One that the Boomers did by the millions. The tuition inflation doesn’t seem to impact what the military will pay
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