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This article is so...wrong. >"The average college grad makes 50k every year." He's defining 50k as upper middle income? That's not upper middle income by any
by nickthemagicman 8y ago
This article is so...wrong.
>"The average college grad makes 50k every year."
He's defining 50k as upper middle income?
That's not upper middle income by any measurement or common sense.
And that's the average. Many college graduates or non-grads with loans make LESS that that.
That's millions of people.
Student loan forgiveness would help them alot. Not to mention stimulate the economy.
Also, the designation between upper middle income and upper middle class is important. You may have upper middle income but still be middle class. In some third world countries upper middle income is 500 bucks a year. That's not middle class.
>"For one thing, college graduates come disproportionately from higher-income families. Most of these families don’t make enough to pay for college outright, so their children take out some loans."
Higher income. Can't afford public school tuition. Pick one.
Also, citation needed. 'Higher income' and 'Disproportionately' are qualitative words. Without citations and a point of reference they are useless. Is it 1% higher or 90% higher?
>"Most graduates of four-year colleges, by contrast, are doing just fine. I know you’ve probably read stories about liberal-arts college graduates who ran up enormous debts and now can’t find decent work. But they are the rare exceptions."
Wheres the citation?
This article is solidly in the OPINION piece category. It's kind of distressing to see that this person went to Yale.and considers
themselves a real journalist but provides no citations to base his arguement. Instead he seems to rely on qualitative measurements to base his reasoning. It's scary how rich parents can help incompetent kids reach positions of power in America.