Yeah, most of the world doesn't work that way anymore. Just 1 example. I have an employee in my wing who just finished her degree this past summer and is working her first job now in this place. She needed to buy a car, a used chevy cruze, which still has a payment over 300 a month because of how fucked the market is. Her portion of the rent in her room mate situation is 1500 a month. her student loan payments are in excess of 400 a month (she won't tell me how much) plus whatever her credit cards are because her parents refused to help her during college with anything. So she's having to build from basically nothing, with no outside help, in an area that isn't easy to build in.
I get it bro, I really do. There are a lot of people who are bad with money. But there's also a lot of people who are fucked by the US system now and are just scraping by. And if their paycheck is shut off through no fault of their own, what exactly are they supposed to do?
Hopefully the banks are willing to help them out. I know each time I log into mine there is a message stating something like, "affected by the government shut down, click here to see how we can help.
But there's also a lot of people who are fucked by the US system now and are just scraping by. And if their paycheck is shut off through no fault of their own, what exactly are they supposed to do?
Very valid. Things are totally fucked up for our youth. In my mind I'm picturing 'government employee' as someone who is at least in their 30s, giving them more time to establish themselves. Probably because that's what I'm seeing in news reports about the issue. If you don't have some level of financial stability at that point it is on you. If you're just out of college, I'm way more sympathetic. My mistake and oversight for not considering the younger people wrapped up in this BS.
To give myself some more context I looked at what my first apartment's rent would be today. I rented an efficiency (a real dump, but it was a safe area at least). Rent was 280 a month. Adjusted for today that would be 580. However I know in reality today something similar would be around 750 to 900 easy. Car prices today are beyond insane. Long gone are the days you could get something that ran for $500 and something that was actually pretty nice for 4 to 5k. Adjusted for inflation that 5k car is now 10k and you're not getting much for 10k today.
Spending 1.5k and still having to have a roommate is insane to me.
Yeah. Sadly she's not isolated. Most of the fresh grads have to go to states that are desperate for their services. Issue is the states are desperate because they're near unaffordable. College is a rip off also. The amount of student loan debt I've heard some one my coworkers having is absolutely insane, for a career that starts at 52k a year. Sounds like a lot until you realize that after taxes and union and medical they only take home around 3k a month. Again, sounds like a lot, but not in the economy we have anymore.
not in the economy we have anymore.
Sadly this