4 ms·
I think this common gripe "I'd hate to be the one just before this mass relief" has more to do with the direct costs to oneself rather than some desire that oth
by tjs8rj 6y ago
I think this common gripe "I'd hate to be the one just before this mass relief" has more to do with the direct costs to oneself rather than some desire that others suffer.
In this case, if the graduating class right after you got a big leg up, that means they're more competitive and coming for the same jobs / opportunities as you. 2020 grads were competing with (and still are) the same new grad jobs as the 2021 grads with the pandemic. College loan forgiveness means those 3-5-10 years behind you now have a big cash leg up on you with years less work and investment. This $1,000 check at 18 means the 19 year olds may very well fall behind as those younger roll over them.
I'm not saying all these concerns come to fruition, but a leg up to your peers can have negative ramifications for you, even if the aggregate and future prospects for the aggregate is good.