|
|
|
|
|
by hn_throwaway_99
1116 days ago
|
|
As a fellow Gen X, this is such an empathy-free opinion in my reading. There are so many times I say to myself "Wow, I'm so lucky that I graduated college in the 90s when school was expensive but nothing like the insanity it is today, and that I was able to afford housing before housing prices became completely disconnected from wages." And I did have to pay off student loans for years. To be clear, I'm not really in favor of debt forgiveness, but not because I believe it's "unfair", but because I think it actually makes the root cause problem (the astronomical cost of college) even worse. I think modifying bankruptcy laws to make more student debt dischargable is a much better solution. Basically I strongly believe that pretty much every generation up to the millennials got a much better deal when it comes to education and housing costs, even if they do get 10 or 20k debt forgiveness. Dude, you were one of the lucky ones (and you've got a pension to boot!!!). |
|
Various of these Millennials and GenZers are in superior financial situations to me thanks to debt forgiveness.
Meanwhile later GenZers are looking at the roll back of credential requirements. Which allows them more options for decent paying jobs without college debt.
Though, yeah, I'm really lucky compared to the early Xers and late Boomers who are sitting on 6 figure debt repayments as they stare retirement in the face.
My pension only came in to play in my late 30s. I don't plan on staying in this job for many reasons, but if I did I would be working into my late 70s to fund it at full compensation. Edit sometime later to add: They also take 9.5% off the top of my paycheck to fund it.