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By age 26... At age 26 I was in more debt than I was at any point in my life... Basically this completely ignores time and money invested in education. And I
by lqdc13 11y ago
By age 26...
At age 26 I was in more debt than I was at any point in my life... Basically this completely ignores time and money invested in education.
And I'm not sure how one would control for it if the cut-off is at 26, because people who did odd jobs in college would come out way better off than those who haven't.
- erroneousfunk 11y agoTo be fair, it looks at income, not debt or wealth, so the effects of student loans wouldn't matter (except, perhaps, in indirect ways)
- lqdc13 11y agoTrue, but as you said, income can originate from existing wealth especially for the very wealthy. Overall, it looks a little suspicious to me because the Manhattan island looks like one of the worst places to move to especially for upper class, but also has one of the highest education levels in the county.