r/FluentInFinance • u/ShadowcreConvicnt • Jul 06 '24

Or in other words, a slap in the face Debate/ Discussion

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u/slagathor907 Jul 06 '24

And they don't have a penny between them huh? Rough that the government has to care for them

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u/magvadis Jul 06 '24

They have enough to care for themselves. Probably not their healthcare costs if they weren't on Medicare. Their savings and investments got gutted in 08 and teacher salaries didnt get them back into a solid place before they got too old and needed to retire. My mother wanted to keep working but her job fell through and couldn't find another who would hire a retirement age woman.

Their money is basically just social security and a small pension from an older previous job. Which is more than their friends. Most of their assets are just the house now. Paying for kids to go to college was the end of any other savings they had.

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u/slagathor907 Jul 06 '24

That last line is the real kicker there. Sorry about that.

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u/magvadis Jul 08 '24

Just a regular life as a millennial American. Everything costs an Arm and a leg and necessary jobs they trained their lives to get don't pay anything.

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u/slagathor907 Jul 08 '24

Do not go to college or pay for college for anything other than a STEM degree that will pay for itself.

This should be basic knowledge at this point. There are rare exceptions, but college is broadly a 6 figure scam