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Message
re: Salaries vs inflation
Posted on 6/1/25 at 3:40 pm to saintsfan1977
Posted on 6/1/25 at 3:40 pm to saintsfan1977
quote:You act like we didn't teach two generations to go to college so you don't have to do these jobs.
I didn't know welders, plumbers, and electricians needed a college degree. The more you know..
Everyone is all high and mighty now but hindsight is 20-20 and boomers act like somehow they didn't destroy the country that the greatest generation gave them.
The amount of grown men that are completely fine with shitting on the generation below them is amazing to me,
I was lucky enough to work multiple jobs to put myself through college and had scholarships but I see so many of my friends crushed by student loan debt.
Including one of my best friends who's a pediatrician.
Dude worked his arse off for a decade and his reward is a quarter of a million dollars in student loan debt that he'll never get out of because his single mother (a teacher) couldn't afford to put him through medical school.
Now go ahead and tell me that the man who literally saves babies life's should have just been an electrician. We don't need doctors for children do we? Because at this pace with this cost- we're going to be hurting for them. But I guess we can just always outsource and bring in Patel on an H1B1 visa right?
2
Posted on 6/1/25 at 3:42 pm to BabyTac
quote:
Moving all my assets to cash.
Ooof.
Posted on 6/1/25 at 3:43 pm to BabyTac
quote:
Most ‘good kids’ don’t care about all that crap. They just want to support a family which seems impossible with the cost just to live.
“Good kids” (not sure how you’re defining that but let’s go with that) can make enough money to afford 1300 sq ft, an old beater car, no vacations and no eating out…
If you were right and they actually didn’t care about “all that crap”.
Posted on 6/1/25 at 3:44 pm to BabyTac
Posted on 6/1/25 at 3:46 pm to Solo Cam
quote:
college
Money racket but it's not the students fault.
quote:
Including one of my best friends who's a pediatrician.
He'll get out of debt in a few years and be well off. I've never seen a poor Dr.
Posted on 6/1/25 at 3:46 pm to Dadren
quote:
but people like to ignore all the tech/material advantages of living in 2025 vs 1985. It’s pretty significant from a quality of life perspective even if you have to “struggle” for it.
They are the standard advantages of the current times.
It would be like someone from before electricity going on to someone in 1950 about "back in my day we didn't have fancy electricity. We used lanterns if we wanted light. We didn't have in-house plumbing, when you needed to go you shite in the outhouse. We didn't have a telephone, if you wanted to communicate you went into town and paid for a telegram."
Posted on 6/1/25 at 3:52 pm to tigerinthebueche
quote:
No one believes this anymore than you winning a bass tournament.
FWIW, they used to hand those out like candy on the ol FLW circuit. Something else that’s changed.
If you have an issue tho, name the lake, time, and your price
Posted on 6/1/25 at 3:53 pm to Smeg
quote:
They are the standard advantages of the current times.
Yes, and those advantages aren’t “free”. They didn’t “just happen”.
quote:
It would be like someone from before electricity going on to someone in 1950 about "back in my day we didn't have fancy electricity.
Sure, but baw paw saying how hard he had it “in his day” is flawed in the same way that saying “I’m having to work harder today for a median lifestyle than baw paw did”….because today’s median is more.
Posted on 6/1/25 at 3:53 pm to Solo Cam
quote:
Dude worked his arse off for a decade and his reward is a quarter of a million dollars in student loan debt that he'll never get out of
Unless he's an idiot. He should be out of it in 3-4 years if he tries and doesn't attempt to live like 45 year old doctors do. Easily worth it in the short run, he'll be on a serious upward trajectory within 5 years. If he spends in a way that prevents that, he'll get what he deserves.
Posted on 6/1/25 at 3:55 pm to saintsfan1977
quote:
college
Nothing more than a modern form of socialism. Get people in debt, paying taxes, and jobs they’ll have to work until they’re 70.
Posted on 6/1/25 at 3:57 pm to BabyTac
quote:
Graduated college in 2000, EE, $60k/year.
I graduated in 2000 in a STEM field and my starting salary was 28k/year. 60k was making bank 25 years ago for someone in their early 20s.
Posted on 6/1/25 at 3:57 pm to Dadren
quote:
This isn’t me bashing young families today. It’s definitely hard, but people like to ignore all the tech/material advantages of living in 2025 vs 1985. It’s pretty significant from a quality of life perspective even if you have to “struggle” for it.
The irony is that the wider availability of "luxury" products that people point to in comparison to the 1970s are a big reason we're in this mess.
The country was duped into all sorts of big money schemes that resulted in trading wages with more buying power for cheap TVs at Walmart.
This post was edited on 6/2/25 at 7:05 am
Posted on 6/1/25 at 3:59 pm to saintsfan1977
quote:He's been a pediatrician for 4 years and made a payment every single month and his debt has went from $260k to $243k because the interest is so insane.
He'll get out of debt in a few years and be well off. I've never seen a poor Dr.
Dude said he was sent an email in his undergrad offering him "federal student aid" turns out is was a loan with 19% interest that accrued while he was in school and he didn't make a payment for 9 years because of undergrad, medical school and his residency
Just because you say something doesn't mean it's true. This is the incredibly frustrating part for Gen X and Millennials is we're screaming from the top of our lungs that these predatory student loans are killing a generation and your answer is "oh you'll be fine I've never seen it before so it doesn't exist"
We were talking about this while we were fishing a couple of weeks ago. He was trying to talk to me about investing in some real estate flips because he can't make headway on the loan.
Dude does his main job, volunteers with his church and has to pick up extra shifts on his days off with a hospital in Frisco.
Why would we not want the federal govement to not charge him interest?
If they loaned him $220,000 he should have to pay pay $220,000 or maybe $230,000 but he'll end up spending over $400k and he's going to tell his kids to not be doctors. He'll tell them to be a plumbers or engineers.
How is that a positives for our country? How does that make us stronger?
Posted on 6/1/25 at 4:00 pm to Dadren
quote:Home or apartment?
1300 sq ft
quote:That market was decimated by that wonderful boomer Obama.
an old beater car
The average cost of a used car nowadays is more than my new car cost in 2006, ~$5k more.
That is some crazy shite.
quote:So, none of the stuff the previous generations got to enjoy.
no vacations and no eating out…
Got it.
Posted on 6/1/25 at 4:02 pm to fallguy_1978
quote:
graduated in 2000 in a STEM field and my starting salary was 28k/year. 60k was making bank 25 years ago for someone in their early 20s.
Starting salary as an EE in 2000 was $62k for me. I had done a couple of internships in the summers and worked a couple turn arounds in plants as a rough neck. Most of my peer were $55-$60k tho. LaTech.
Posted on 6/1/25 at 4:04 pm to Solo Cam
quote:He will be lucky if he only pays $400k.
If they loaned him $220,000 he should have to pay pay $220,000 or maybe $230,000 but he'll end up spending over $400k and he's going to tell his kids to not be doctors. He'll tell them to be a plumbers or engineers.
It’ll probably be close to $500k, if not $600k.
Also, you could pay perfectly for years and follow all the guidelines for forgiveness and they will deny you.
Hell, they randomly paused and decreased my loan payment to $0 without notifying me and screwed up my consistent payment.
Posted on 6/1/25 at 4:06 pm to calcotron
quote:
Unless he's an idiot. He should be out of it in 3-4 years if he tries and doesn't attempt to live like 45 year old doctors do. Easily worth it in the short run, he'll be on a serious upward trajectory within 5 years. If he spends in a way that prevents that, he'll get what he deserves.
He's a pediatrician and makes $160k
He got out of his medical residency in his late 20's and his wife and him started a family so she wouldn't be too old and miss out on babies.
How is he suppose to pay for a home, two kids, cars, insurance and pay off that much of a loan in 4 years?
$160k
After taxes is $110,000/year
Honestly break it down?
His biggest problem is staying in Louisiana where insurance is crushing him (both housing and car), his salary is lower than if he moved to Florida or Texas (but he stayed for family) but yeah man.
That or he shouldn't have had kids or bought a home. Man what great incentive for Louisiana kids to be doctors and stay home:
Just eat this terrible loan, don't start a family till your in mid 30's, don't buy a home until your 40 and work your arse odd for 10 years to become a doctor then sacrifice another 5-7 years after to pay back Uncle Sam.
The federal govement has over inflated these universities with unnecessary staff resulting in excess cost and their solution? Rip off Americans children with credit card like loans.
And your response - well it's fault anyways. lol so fricking short sighted that it's stunning
This post was edited on 6/1/25 at 4:27 pm
Posted on 6/1/25 at 4:06 pm to Solo Cam
quote:
How is that a positives for our country? How does that make us stronger?
It's not and it doesn't. College needs major reform.
Posted on 6/1/25 at 4:07 pm to Scruffy
quote:
He will be lucky if he only pays $400k.
It’ll probably be close to $500k, if not $600k.
Also, you could pay perfectly for years and follow all the guidelines for forgiveness and they will deny you.
Hell, they randomly paused and decreased my loan payment to $0 without notifying me and screwed up my consistent payment.
But it's their fault for wanting to be a doctor. All of these boomers knew the right decision 10 years ago was to become a plumber.
Boomers are the worst generation in American history.
Posted on 6/1/25 at 4:09 pm to tigerinthebueche
quote:
And probably not a $335K home if you can’t afford it.
Theoretically shouldn’t the bank not give you the loan if you can’t afford it?
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