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re: Salaries vs inflation
Posted on 6/1/25 at 4:09 pm to Scruffy
Posted on 6/1/25 at 4:09 pm to Scruffy
quote:
Home or apartment?
The median squared footage of a house has doubled since then. That’s the point.
quote:
The average cost of a used car nowadays is more than my new car cost in 2006, ~$5k more.
And “normal” people are still buying brand new cars for $45K+ on 6 year + notes. That’s still more than your “thanks Obama car” correct?
quote:
So, none of the stuff the previous generations got to enjoy. Got it.
You really think people living at the 2025 median aren’t materially more comfortable than people living at the 1985 median? Are you serious?
This post was edited on 6/1/25 at 4:11 pm
1
Posted on 6/1/25 at 4:10 pm to saintsfan1977
quote:1000% but we have to do something about a generation of people with an unimaginable debt that isn't going down.
It's not and it doesn't. College needs major reform.
Again- I think Trump should come out and say - "whatever your initial principles on your student loan is what you should pay back, all interest to be cancelled and forgiven, the federal govement will not use our children like a piggy bank while we spent billions on Sesame Street in Iraq and blowing up young me in Eastern Europe"
If you took out $50,000 then you pay back $50,000
Is that really unreasonable?
Posted on 6/1/25 at 4:10 pm to BabyTac
Lies all over the place.
Posted on 6/1/25 at 4:14 pm to Solo Cam
quote:
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.
Only part of your response I agree with. Otherwise the dude has nothing to complain about and just needs to financially focus for 3-4 years to guarantee an easy life.
Posted on 6/1/25 at 4:19 pm to Solo Cam
Again college has become socialism. You have to do it, get in debt to do it, and work until you’re 70. All while paying taxes.
Posted on 6/1/25 at 4:21 pm to calcotron
quote:So should he have not bought a home or started a family?
Only part of your response I agree with. Otherwise the dude has nothing to complain about and just needs to financially focus for 3-4 years to guarantee an easy life.
You say financially focus?
I gave you his salary info
If he was wanted to pay off $250k in 3 years he'd have to pay $83,000 a year without interest.
He makes $165k after taxes I would imagine around $110k
So he should live on $26,000 a year?
Honestly asking - do you think you can live on that and have kids or live somewhere safe? He needs a form of transportation. How is that possible?
So what's the sacrifice? The truth- he should have never become a doctor or he sure as hell shouldn't have stayed in Louisiana.
I'm extremely conservative but this is the worst part of the party by far. The absolute refusal to acknowledge the issue that is student loans and how it's destroying a generation.
I just don't see why the federal government is able to legally give children predatory loans without a credit score to institutions that they literally own.
I just think eliminating the interest and crediting all payment to the principle is such a simple solution.
Posted on 6/1/25 at 4:22 pm to Smeg
quote:In spite of the cost of living, it's still popular.
That's a decline in the standard of living.
Posted on 6/1/25 at 4:25 pm to BabyTac
quote:It helps big institutions so much.
Again college has become socialism. You have to do it, get in debt to do it, and work until you’re 70. All while paying taxes.
My buddy always talked about opening a private practice. Now he's focused on somehow being able to start saving for his children. He'll never start a small business now.
Posted on 6/1/25 at 4:31 pm to BabyTac
quote:This is absolutely not true. People who say it is do a disservice to young people who should learn a trade. Sure, they won't run a company if they don't start it themselves, but they'll earn a living and, with sacrifice, will retire at a reasonable age.
You have to do it, get in debt to do it, and work until you’re 70.
No one wants to sacrifice for anything anymore.
Posted on 6/1/25 at 4:41 pm to Solo Cam
quote:
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
So he was smart enough to go to med school but not smart enough to figure out the terms of his "student aid" package. That's on him and get that predatory bullshite out of here.
Everybody's fault but my own. This is the real problem with the younger generation.
Posted on 6/1/25 at 4:54 pm to Dadren
quote:
“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…
Legitimate question, do you think the more people that have to live like this the better?
It’s amazing how many people there are out there that bought a house two decades ago at 3%, have watched its value triple, and have the mortgage payment that’s equal to the rent of a 700 sf apartment and are sitting around criticizing young people telling them that they need to just work and live a miserable life and have nothing nice.
Posted on 6/1/25 at 4:55 pm to LSBoosie
quote:
amazing how many people there are out there that bought a house two decades ago at 3%, have watched its value triple, and have the mortgage payment that’s equal to the rent of a 700 sf apartment and are sitting around criticizing young people telling them that they need to just work and live a miserable life and have nothing nice.
Preach brother
Posted on 6/1/25 at 5:25 pm to BabyTac
quote:
EE
quote:So you are attempting to join your fellow professional class of MDs as “smart but stupid when it comes to money”?
Moving all my assets to cash.
Good luck.
Posted on 6/1/25 at 5:26 pm to LSBoosie
quote:
Legitimate question, do you think the more people that have to live like this the better?
Legitimate answer, no.
And that’s kind of my point if you read the post I was replying to. We should stop pretending like having the ability to not live like this is a nothing burger while we compare things to “back in the day”.
This post was edited on 6/1/25 at 5:30 pm
Posted on 6/1/25 at 5:28 pm to BabyTac
quote:
name the lake, time, and your price
Posted on 6/1/25 at 5:34 pm to armytiger96
quote:Yeah how dare that 17 year old not be literate in financial documents. I'm sure you were a genius at that age.
So he was smart enough to go to med school but not smart enough to figure out the terms of his "student aid" package. That's on him and get that predatory bullshite out of here.
Why don't we offer mortgages to kids without jobs, that have never paid taxes and don't have a credit score? And why call it aid? Why not call it what it is?
quote:Yeah these dumbass kids that went to college to help heal babies. What a piece of shite
Everybody's fault but my own. This is the real problem with the younger generation.
How much money do you make? If you had a daughter or a son could you afford to pay $50,000 a year to put them through medical school?
Should only the rich be able to become doctors?
This post was edited on 6/1/25 at 5:48 pm
Posted on 6/1/25 at 5:48 pm to Solo Cam
quote:
The fact that we have federal student loans that are literally called "student-aid" with 20%+ interest rates
Can you point me to those? Federal student loan interest rates are based on federal rates, which are no where near 20%
Posted on 6/1/25 at 5:53 pm to calcotron
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
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.
A LOT of pediatricians make a lot less than what a couple of you are thinking. A pediatrician often times only makes $200k-$250k, sounds good, other than you don’t start making anything until you’re in your 30s and if you’re lucky you only have a quarter million in debt.
You’ll get ahead eventually and be able to retire, but it’s not the glamorous life you’re making it out to be
Posted on 6/1/25 at 5:56 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.
What world do you guys live in?
General pediatricians make $190-200k, which means ~$120k take home, at best.
Posted on 6/1/25 at 5:58 pm to Dadren
quote:
The median squared footage of a house has doubled since then. That’s the point.
Built by commercial builders. All the 1300 sq ft houses in urban centers are bought with cash and torn down or in the absolute ghetto and falling apart. It’s not nearly as simple as you are making it out to be.
quote:
And “normal” people are still buying brand new cars for $45K+ on 6 year + notes
Because the equivalent vehicle that is 3 years older with 50k miles is $40k
quote:
You really think people living at the 2025 median aren’t materially more comfortable than people living at the 1985 median?
That’s how it’s supposed to work. And ideally the power of the dollar would continue to increase. Are you retarded?
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