4 ms·

And this will reverse as soon as student loan payments kill the last of people's savings.

sghiassy 3y ago
College educated adults have a higher earning potential than non-college-educated adults. They also come from higher socio-economic backgrounds. I have opinions about this policy but I’ll leave them for another forum
- a_wild_dandan 3y ago
  > College educated adults have a higher earning potential than non-college-educated adults. This isn't true.[1] [1] https://www.nytimes.com/2023/09/20/podcasts/the-daily/is-college-worth-it.html https://www.nytimes.com/2023/09/20/podcasts/the-daily/is-col...
  - SantalBlush 3y ago
    Could you point to the part of your link where the above claim is refuted? I don't see it.
    - a_wild_dandan 3y ago
      Ah, my bad. Here's a quote from the transcript: > But when they looked at young people who were born after 1980, in the 1980s and 1990s, their wealth benefit was much smaller. And for certain cohorts, for Black and Latino-headed families, that college wealth premium had disappeared altogether. So a college grad wasn’t amassing any more wealth over their lifetime than a high school grad. Essentially, total income ≠ total lifetime earnings. Wealth is what people really care about when comparing (non)college wages. Fact is, college is a big gamble now. For more explanation, read past the cited quote. (Or listen to the entire podcast, if you can! It's really interesting!)
  - gameman144 3y ago
    Your linked article doesn't propose that the earning potential of college graduates isn't higher, it just states that people think the tuition price might not be worth it. College educated adults absolutely have a substantially higher earning potential on average.
- notac23 3y ago
  When my $500/month student loan payments kick back in, you better bet I'm not going to be spending that $500/month on toys. This is about absolute dollars spent.
  - mmh0000 3y ago
    It sounds like you're mad that you voluntarily took someone else's money and are expected to repay it? Of course, if you take a loan, you'll have to make future financial plans to budget less for frivolous expenditures
    - soupfordummies 3y ago
      Doesn't sound like that to me if you look at what they're responding to. I think you may be trying to make/respond to an ideological argument that I don't think that post is making.
    - notac23 3y ago
      I'm not mad about anything, or arguing policy about student loans. I'm just stating a fact - spending will decrease when people have less cash to spend. Why is that controversial?
    - sghiassy 3y ago
      Thats what it sounds like to me

College educated adults have a higher earning potential than non-college-educated adults. They also come from higher socio-economic backgrounds. I have opinions about this policy but I’ll leave them for another forum

a_wild_dandan 3y ago
> College educated adults have a higher earning potential than non-college-educated adults. This isn't true.[1] [1] https://www.nytimes.com/2023/09/20/podcasts/the-daily/is-college-worth-it.html https://www.nytimes.com/2023/09/20/podcasts/the-daily/is-col...
- SantalBlush 3y ago
  Could you point to the part of your link where the above claim is refuted? I don't see it.
  - a_wild_dandan 3y ago
    Ah, my bad. Here's a quote from the transcript: > But when they looked at young people who were born after 1980, in the 1980s and 1990s, their wealth benefit was much smaller. And for certain cohorts, for Black and Latino-headed families, that college wealth premium had disappeared altogether. So a college grad wasn’t amassing any more wealth over their lifetime than a high school grad. Essentially, total income ≠ total lifetime earnings. Wealth is what people really care about when comparing (non)college wages. Fact is, college is a big gamble now. For more explanation, read past the cited quote. (Or listen to the entire podcast, if you can! It's really interesting!)
- gameman144 3y ago
  Your linked article doesn't propose that the earning potential of college graduates isn't higher, it just states that people think the tuition price might not be worth it. College educated adults absolutely have a substantially higher earning potential on average.
notac23 3y ago
When my $500/month student loan payments kick back in, you better bet I'm not going to be spending that $500/month on toys. This is about absolute dollars spent.
- mmh0000 3y ago
  It sounds like you're mad that you voluntarily took someone else's money and are expected to repay it? Of course, if you take a loan, you'll have to make future financial plans to budget less for frivolous expenditures
  - soupfordummies 3y ago
    Doesn't sound like that to me if you look at what they're responding to. I think you may be trying to make/respond to an ideological argument that I don't think that post is making.
  - notac23 3y ago
    I'm not mad about anything, or arguing policy about student loans. I'm just stating a fact - spending will decrease when people have less cash to spend. Why is that controversial?
  - sghiassy 3y ago
    Thats what it sounds like to me