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A 92% chance of bankruptcy (to use your example) seems like a poor idea. Its not about the outcomes of winning vs losing, the smart move is to not play. A colle
by ac29 6y ago
A 92% chance of bankruptcy (to use your example) seems like a poor idea. Its not about the outcomes of winning vs losing, the smart move is to not play. A college graduate hopefully will not be making $30k/yr for too long, and being almost completely cut off from credit for a decade is really going to sting when they do want to finance a car or other large purchase.
- kyawzazaw 6y ago> A college graduate hopefully will not be making $30k/yr for too long I think you might be in a well paying profession
- ac29 6y agoFor what its worth, I made less than $30k/yr (with zero benefits) for a few years after graduating college about 10 years ago, despite working full time. I make more now, but probably less than you'd think based on the group here - I dont work in tech. The average salary for people with a college degree is about $50k: https://www.indeed.com/career-advice/pay-salary/average-salary-for-college-graduates https://www.indeed.com/career-advice/pay-salary/average-sala...
- treis 6y agoMost of these people have parents they can rely on to borrow car loan type money. Homes are out of the question at 30k a year anyway so it doesn't matter that they can't get a mortgage.