This is the Problem Millennials Face

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  • เผยแพร่เมื่อ 3 พ.ค. 2023
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  • @HealthyGamerGG
    @HealthyGamerGG  ปีที่แล้ว +191

    Link to the full video - th-cam.com/video/q-byTf9466Q/w-d-xo.html

    • @simic0racle157
      @simic0racle157 ปีที่แล้ว

      imagine getting an accounting degree and realizing halfway thu college that you got screwed by an institute who makes 10% of its profits from tuition.

    • @Goodpizzaa
      @Goodpizzaa ปีที่แล้ว

      I was born in 91 and I honestly feel like I'm the last of the old and the first of the new. I don't fit in with the world before me and I don't ft in with the world that was created in a matter of 20 years. I feel hopelessly lost beyond measure.

    • @mrnobody2873
      @mrnobody2873 ปีที่แล้ว +1

      GenX: I had Student loans and I paid off my debt without whining about it.

    • @The13thDyreWolf
      @The13thDyreWolf ปีที่แล้ว +1

      this is a problem my generation (gen z) is starting to face as well.

    • @nodatesape9124
      @nodatesape9124 ปีที่แล้ว

      Just so y'all know the reason Student Loans pursue you through bankruptcy is because institutional money (it starts with a W and ends with Street) created a magic kind of derivative off them, called "student loan asset backed securities", or SLABS.
      Think 2008 but much, much bigger. Trillions upon trillions of dollars of SLABS.
      Problem is, people can't make their payments at the moment DESPITE student loan repayments being paused since covid. The minute those student loans start calling for repayments, BAM!
      Market crash. A wave of defaults on student debt because people are too busy buying FOOD. It took an 8% delinquency rate on 2008 Mortgage Backed Securities (MBS) to cause the GFC in 08.
      Now increase the leverage. Maybe... 5% of Student Loans need to miss a few payments, and the entirety of the US financial system dies almost overnight.
      But hey! JP Morgan got to buy up First Republic for literal pennies on the dollar! I'm sure it's fine.

  • @gibn1542
    @gibn1542 ปีที่แล้ว +3099

    Government: You know what demographic needs more debt? The one that hasn't gotten jobs yet

    • @zacharybond23
      @zacharybond23 ปีที่แล้ว

      With how much burnout and depression that is being caused and/or worsened by these things, it almost feels as though the government is deliberately allowing the populace to wither and have weakened wills.

    • @roguerangerroger
      @roguerangerroger ปีที่แล้ว +98

      The brilliance. It outshines the Sun

    • @AlanisonYT
      @AlanisonYT 11 หลายเดือนก่อน +32

      Not the government. You really have to be specific and think which groups benefit from this. Not just “scary big gov.”

    • @looksnormal
      @looksnormal 11 หลายเดือนก่อน +10

      bourgeoisie

    • @bingbongmcgee
      @bingbongmcgee 11 หลายเดือนก่อน +10

      @@AlanisonYT Yeah that is why nothing gets done, is because people can just be scared of the boogeyman and not HAVE to do something about it, but if it is Roger Dillweed down the street hiding under your bed or closet, you would probably look a lot more weird if you let it keep happening.

  • @remnant1018
    @remnant1018 ปีที่แล้ว +5007

    And then after getting this major debt - Ahem! - I mean degree, you get a long span of not finding the good job this degree was supposed to help you get. Instead, you get a job that pays a fraction of the money your degree got you all hyped up for.

    • @tcggggg
      @tcggggg ปีที่แล้ว +48

      What field are you talking where this happens. I’m sure it’s not a stem degree you’re having trouble finding a job with.

    • @gj4312
      @gj4312 ปีที่แล้ว +95

      Must suck to be an American. Pretty sure everywhere else the loan is actually no big deal.

    • @matthewbailey8588
      @matthewbailey8588 ปีที่แล้ว +12

      Exactly what happened to me. Its my own fault though.

    • @remnant1018
      @remnant1018 ปีที่แล้ว +83

      @@tcggggg Both my older brothers and cousin did engineering. One now works for the water department, one works in web design, and the last is in IT. The amounts of debt they have scare me. Two friends did medical admin. Both got stuck in customer service for several years. One is now a trainer and the other is an analyst. I’m the baby of all my circles. I’m still in school, but hearing all this and watching my current office job only post for customer service, Vice President, and director. Very little in between and all of it requires years of experience doing particular tasks and familiarity using particular computer applications. Outside of the company, it’s more of the same or - as someone else commented - companies hiring in skilled trades requiring years of experience. I could change my major and my job provides tuition assistance, but only enough for 4 classes per year. I’d be at it forever and I still don’t know what to switch to.

    • @strikemist
      @strikemist ปีที่แล้ว +93

      @@tcggggg I’m stem with 5 years of exp, but got laid off and still struggling to find work right now when companies are on a hiring freeze or only looking for more sr engineers

  • @michaelbashta631
    @michaelbashta631 ปีที่แล้ว +363

    Non-profit universities need to be held accountable when they behave in a for-profit manner

    • @rileymachelle4088
      @rileymachelle4088 ปีที่แล้ว +26

      "Non-profit". The way universities work is literally the antithesis of non-profit. It's wild

    • @elizabethvinson3867
      @elizabethvinson3867 11 หลายเดือนก่อน +6

      STEM research opportunities is where a lot of the cost is. I went to my state's flagship university so tuition was subsidized for in-state students making the cost of tuition and fees less than $4000 for a full time semester while I was there.
      But everything I worked with for my research and even just in lab classes was so expensive. One vial of this reagent I needed for my research costs hundreds of dollars. I took 2 cadaver lab classes as well as a molecular biology course. I used 3 million dollar pieces of equipment doing my research.
      A business degree costs almost the exact same except a few small differences in fees (maybe a couple hundred dollars) and guess what? Those degrees are so much cheaper to offer.

    • @duckpotat9818
      @duckpotat9818 11 หลายเดือนก่อน

      ​@@elizabethvinson3867STEM research is often also directly or indirectly sponsored/subsidised by companies and govts looking for talent and profitable discoveries and they are still expensive in the US

    • @sroy7982
      @sroy7982 11 หลายเดือนก่อน

      You guys do know that Germany provides free education, just flock there

    • @akshayneha
      @akshayneha 11 หลายเดือนก่อน +4

      Non-profit doesn't mean shit, it just means the profits are not distributed to individuals like shareholders or such, and the money goes back into the university in some sort of investment, ideally to "improve student experience".
      This could mean anything under the sun as long as technically the money is going back into the university. This of course also includes the stakeholders (not shareholders technically) such as directors, deans, professors, etc etc getting exorbitant salaries and benefits. Not saying there is never a good use made of the money but just saying there is plenty of legal misuse that can be done with it.
      So be very wary of whenever you hear the word "non-profit" and don't assume that to be synonymous with charitable (well, charitable institutions have their own massive issues including money laundering and soft power lobbying, but that's besides the point).

  • @eddythefool
    @eddythefool ปีที่แล้ว +1420

    What i hate the most is that grade schools focused all their effort into college acceptance rates instead of acknowledging that college isn't for everyone. My high school used to have auto shop, but then funding got cut and instead everyone was pushed into taking classes who's only goal was to prepare you to get accepted into a college. I was saddened every time i passed the old room since it still has all the equipment needed to restart the program, including the hydraulic lifts.

    • @wildfire9280
      @wildfire9280 ปีที่แล้ว +124

      “Everyone is a genius. But if you judge a fish by its ability to climb a tree, it will live its whole life believing that it is stupid.” -Abraham Lincoln

    • @mdel310
      @mdel310 ปีที่แล้ว +63

      I was a senior in high school the last year they had any vocational classes. I took wood shop and it's the only class I actually enjoyed and learned anything practical from. They should bring those classes back they served a valuable role. A personal finance class wouldnt hurt either.

    • @eddythefool
      @eddythefool ปีที่แล้ว +19

      @@mdel310 they should make home ec mandatory and include personal finance as part of the lessons.

    • @solarpanel8195
      @solarpanel8195 ปีที่แล้ว

      ​@@wildfire9280 love that quote. Ya this country is more insane now than fkn 3rd world countries

    • @nfzeta128
      @nfzeta128 ปีที่แล้ว +11

      @Lex Bright Raven Why cut one practical program for another? Sports fields are already draining money from players and such to funnel into coaches and owners of the teams.

  • @XIIchiron78
    @XIIchiron78 ปีที่แล้ว +326

    "Just work hard and you'll have a nice job, house, and family"

    • @jakeison2968
      @jakeison2968 ปีที่แล้ว +10

      Ya, it's true. Work a trade. Nothing is guaranteed in life, no little piece of paper is going to magically make things work out for you. Have to do it yourself.

    • @lucasbrown9713
      @lucasbrown9713 ปีที่แล้ว +4

      Yeah, it's not that hard actually.

    • @hexidecimark
      @hexidecimark ปีที่แล้ว +30

      @@lucasbrown9713
      After I couldn't get a job with my comp sci degree I tried cheesemaking. Damn good at it until the place I worked at let me go for no reason. Sometimes if there's work I'll go to a local factory where I put glue on tape and assemble boxes.
      I'll at least give you that putting glue on tape is not technically "hard" in the sense that no component of the work is at any point even vaguely challenging to people capable of breathing who possess thumbs, and the most difficult component of the job is standing without being allowed to sit for long periods.
      This is entirely a dead-end, however. I outperform my coworkers by a factor of three and am one of few in the plant able to count and perform basic math related to stacking boxes. It does not matter. I seek jobs elsewhere to find they are typically fake or else that they do not pay enough to cover gas.
      Hard? No, not at all; but at the same time, impossible.
      It is such a joy to be so lazy as I, and fruits from some nonexistent government program do surely so nourish me. Perhaps at some point this wonderment will bestow upon me a mental illness sufficient to earn my place in the halls of a decrepit mental hospital, or perhaps I will eventually opt to perform some victimless 'crime' to receive the bounty of prison, but alas, such promotion seems so far away.
      Strewth, Perfidy, and but thou truly are the finest of mistresses to strike upon me, for without you I would have no clue the life I am missing.

    • @nikkfrostt
      @nikkfrostt 11 หลายเดือนก่อน

      I've known 3 people who went into electrician and the only one to get a job in that field had a family run business. The rest are still applying while another gaveup and went into construction. Yeah go into trades, if you have a family/friend link@@jakeison2968

    • @youlookingmadsus
      @youlookingmadsus 11 หลายเดือนก่อน +2

      ​@@hexidecimarkthat's so deep, I hope you figure something out ❤

  • @americanbookdragon
    @americanbookdragon ปีที่แล้ว +679

    It took me ten years to get my bachelors degree, without debt. But I’m considered “behind.” There’s no winning really.

    • @krel7160
      @krel7160 ปีที่แล้ว +101

      For what it's worth, this is part of why my generation (Gen Z) do not bear any respect for the corporate world or the people in it.
      We KNOW what was done to our predecessors. We know how little the system cares, and we know that it is rigged against us.
      We owe no loyalty to a machine that does itself not reward that loyalty, or show the common courtesy it expects of us.
      But that doesn't mean we're lazy. It just means we're not playing the rigged game. If we are not paid what we are valued ("Too valuable too production", but no raise to compensate the work of three or more people in one), you can guarantee that we will fly the coop for greener pastures, because that is the only way to assure the compensation that is rightfully owed.
      Long winded comment needs an ending, so I wanted to give a personal message to you. Thank you for everything you've put up with in the past, even if it was not by your own will or accord, rather existing at the wrong time that caused you to endure it. With any luck, our generations will work together at the end of those who came before yours, and we will leave a future for our children and your grandchildren that is brighter than the one we were presented with when we entered the world's stage.

    • @duckqueak
      @duckqueak ปีที่แล้ว +42

      ​@@krel7160 I will say that is one of the things about gen z that makes me very proud is the absolute lack of playing games. I really appreciate that your generation has the balls to just call BS and stand by that. Its the only way things will change. Remember, theres more of us than there are of them.

    • @krel7160
      @krel7160 ปีที่แล้ว +17

      @@duckqueak What's more - We are the youth, and they are growing old. All men retire, and all of us eventually die.
      Inevitably, if we stay our course, then our cause is won not by a means of coercion or persuasion, but merely by outlasting those who would see us fail. What's more is as you say; With no workers, there is no workforce. With no workforce, there is no job. With no job, there can be no business. And with no business, there is no profit.
      Although I seldom believe we will not witness a generational conflict in our lifetimes. The odds stack up too greatly and the tensions gain too much pressure for something not to give or break on the way.

    • @americanbookdragon
      @americanbookdragon ปีที่แล้ว +9

      @@krel7160 their answer to people not working is typically child labor.

    • @TheXxswordsxx
      @TheXxswordsxx ปีที่แล้ว +8

      7 years for me! No debt, and frankly I don't care about being behind the Jones'. We are on our own track friend. Getting your degree without debt is actually a HUGE economic win - when you do find that job you were promised.

  • @sharpcheddar6453
    @sharpcheddar6453 ปีที่แล้ว +2947

    What also sucks is that some (older) people will say “just don’t go to college” but nowadays most of the jobs that pay a living wage are locked behind degree requirements or are extremely hard to get without one. Damned if you do, damned if you don’t.

    • @C-SD
      @C-SD ปีที่แล้ว +110

      In my case I was one of the first 2-3 people to graduate high school in my family. I was the first to start college, it was an exciting thing. At the time anyway. The goal wasn't necessarily even the degree, the specifics didn't matter. I ended up with 3 semesters passed and over $25k in loans in '99. And I went to a cheap school. I'm lucky I managed to pay them off, although sally mae/pheaa were basically loan sharks. They suggested I sell my 6 month olds crib because I had a responsibility to pay off my debt.

    • @mrs.quills7061
      @mrs.quills7061 ปีที่แล้ว +141

      Yes literally this. You DONT NEED to go to school, but if you want to make more than minimum wage you more often than not need to.

    • @sam.lipchutz
      @sam.lipchutz ปีที่แล้ว +19

      I went my own way working a low wage job 70 hours a week. Pays the bills and I’ve got allot saved only thing is I have very little free time

    • @wildfire9280
      @wildfire9280 ปีที่แล้ว +13

      @@sam.lipchutz Is it enough where housing costs are only 30% of your income?

    • @sam.lipchutz
      @sam.lipchutz ปีที่แล้ว +35

      @@wildfire9280 I don’t know. I have a one bedroom apartment where my rent is $1,250 a month. I have a budget of $2,300 in expenses a month. I make $17 an hour for 40 hours a week that’s around $2,350 a month after taxes so 40 hours a week is barely enough to pay my bills right now but all the overtime I work is extra money that I save. Last year I worked like 70 hours a week and made 68k. I saved 30k last year and I have 65k saved now. Granted I don’t recommend this lifestyle as most people would be unhappy doing this but I actually enjoy it

  • @Thomas-zt7dm
    @Thomas-zt7dm ปีที่แล้ว +21

    My boss had $120,000 credit card debt, declared bankruptcy and got it forgiven like 15 years ago even though her and her husband had a $400,000 house, multiple cars, and a collective income of about $225,000 a year. Given they had to sell two of the cars but they basically traded 50k in vehicles and other stuff for a 120k in debt forgiven. Absolutely insane that students like myself can’t get any forgiven

  • @cf5397
    @cf5397 ปีที่แล้ว +3145

    Dr. K is describing class warfare.

    • @cf5397
      @cf5397 ปีที่แล้ว +294

      Notice the price of college doesn't matter if you come from wealth (owning class).

    • @MELLMAO
      @MELLMAO ปีที่แล้ว +293

      Literally. This is by design and will continue this way as long as capitalism persists, especially as unregulated as it is in the US

    • @kavky
      @kavky ปีที่แล้ว +147

      ​@@MELLMAO My favorite parts about "unregulated" capitalism are the lithany of regulations and government agencies that will hound you if you break the regulations in unregulated capitalism.

    • @concernedcommenter8258
      @concernedcommenter8258 ปีที่แล้ว +9

      Classism is never the answer.

    • @elgatto3133
      @elgatto3133 ปีที่แล้ว +221

      ​​@@concernedcommenter8258 Classism... against the dominant class? The 1% that controls 60% of the wealth? That's not classism, that's common sense.

  • @Doubtlessly
    @Doubtlessly ปีที่แล้ว +323

    What kills you is the interest rates. I actually got really pissed at the recent administration for tackling amounts but not interest rates. Because 2008 grads couldn’t get jobs for 2-3 years, the rates led to a much higher amount on loans overall, which 18yos didn’t really conceptualize because getting a job should have been “easy.” This has led to my entire generation being 5-10 years behind in wealth.

    • @johannesisaksson7842
      @johannesisaksson7842 ปีที่แล้ว

      Yeah, usury is theft. The intention is that you don't understand how much money you're paying for the loan. It's literally a scam.

    • @sarahstardust
      @sarahstardust ปีที่แล้ว +5

      I graduated in 2008 with a teaching degree and never got a job in my field. Schools were downsizing to the point where you couldn't even rely on substitute teaching to pay the bills because too many teachers were out of a job. I ended up working in food and retail and living with my parents to pay for my student loans. Teachers might be in demand now, but I've since become disabled, so 🤷

    • @prettypuff1
      @prettypuff1 ปีที่แล้ว

      It was good times when I graduated in 2008 and my bank( WaMu) closed.
      Soooo many boomers want to bury their heads in the sand

    • @Ryan-wx1bi
      @Ryan-wx1bi ปีที่แล้ว

      They paused interest on federal loans, what are you talking about?

    • @whisper_dvm5157
      @whisper_dvm5157 ปีที่แล้ว +3

      Totally agree! I heard they have recently increased the interest rate on new student loans as well! The interest rate is what keeps people in debt. I’ve been able to make a decent dent in my student debt the last couple year due to the pause but that’s up pretty soon.
      Precovid pause though, my loans were gaining $39 A DAY in interest. I was paying over $1200 a month in student loans and only like $50 of that was going to the actual principle of the loan.

  • @mdel310
    @mdel310 ปีที่แล้ว +49

    The solution to this problem is for the government to stop guaranteeing these loans. School tuition would drop precipitously if they stopped giving out loans. It just incentivises the schools to increase tution, which then means bigger loans and it's become a vicious cycle that has essentially lowered the return on investment of most degrees.

    • @the_expidition427
      @the_expidition427 ปีที่แล้ว

      AYE someone else is saying it and these things aren't even profitable for banks and make the universities responsible for 10% of the loan for each student that goes through.

    • @EllipsisMark
      @EllipsisMark ปีที่แล้ว +8

      Or...
      The government could just put a price cap on tuition.

    • @kikijewell2967
      @kikijewell2967 ปีที่แล้ว +5

      You nailed this. The laws changed under Bush: first, banks could loan 7x their assets, but the law changed so they could loan 30x their assets. They basically printed money.
      But to get that money, they had to loan it out and get someone to pay it back.
      This basically caused inflation in systems of loans: housing and student debt.
      When I learned about this in 2008, I knew student debt collapse was also coming.

    • @sambo669
      @sambo669 11 หลายเดือนก่อน +5

      Or we could use taxes to pay for "free" college at public universities and place a cap tution for said public universities. A well educated society is better than a dumb one.

    • @brendagriffin7925
      @brendagriffin7925 11 หลายเดือนก่อน

      I don’t think you understand….the government is in on it. The new world order. Keep you in debt. You will own nothing and be happy.

  • @RobinLecter
    @RobinLecter ปีที่แล้ว +387

    I feel like previous generations should stop pushing everyone to get a college degree just to get a degree no matter what.
    Trades jobs are so valuable to keep the world running. We need electricians, plumbers, mechanics , farmers, welders, builders, handymen, carpenters, tailors , landscapers, painters and atisans. These aren't less then jobs, these are jobs we take for granted until a pipe bursts, floods your home, the flood destroys the wiring in your house and damages the floor.
    Not everyone is made for college and there is no shame in that. Why force the person who is interested in wood working to skin their elbows on a college desk while going indebt when they could have been perfectly happy making a living while wood working?
    My father was a carpenter by trade and still takes the occasional job because homeowners find themselves really unhappy when they don't find furniture that meets their needs in stores like ikea.
    We , as younger generations, should avoid perpetuating this cycle by presenting the option of jobs such as trade jobs to our children/future generations and encouraging them to try these jobs out.
    Dropping out of a welding trade school to go to law school is easier on the wallet and less stressful than dropping out of law school to try it out as a welder, you feel me?

    • @Landon_Hughes
      @Landon_Hughes ปีที่แล้ว +1

      100% agree

    • @Zionswasd
      @Zionswasd ปีที่แล้ว +6

      Yeah, I tell everyone I can to not go to college for no reason, not to buy into the propaganda.

    • @vulpixelful
      @vulpixelful ปีที่แล้ว +32

      The problem is that K-12 education sucks in this country. The only time a lot of students even read books beyond the 8th grade level is in college. Most people's first logic class is in college. And we need literate voters for a functioning democracy.
      Our whole school system needs reform, really.

    • @angelvital6466
      @angelvital6466 ปีที่แล้ว +4

      ​@Lex Bright Raven Honestly have 3 class systems with branching out to what kids can choose
      Self Improvement- to improve oneself in our society
      (How to maintain proper Health, Lessons in History, How to behave in Social encounters, and management of money)
      World Study- the knowledge of the fundamentals that surrounds us
      (The different type of Science, Why Math is important, and even the Operation of basic technology)
      Art Discovery - to recognize what passion we can explore that can make you more creative
      (Writing, Music, Paintings, etc.)
      Its not hard, not everyone needs to know all of math or how to write calligraphy, let them choose and decide what they like and work together to fill in the rest

    • @kartos.
      @kartos. ปีที่แล้ว +5

      All those jobs are ones where nobody wants to pay what the skill is worth.

  • @AVspectre
    @AVspectre ปีที่แล้ว +41

    It is also just so deflating to work hard to get qualifications, to be excited to work in an area, and then not be able to do so. I got my Masters qualifications (needed for my chosen area) and I just feel shut out. I can’t seem to get where I want to be. It’s really depressing and has almost entirely eroded my sense of self worth.
    I would honestly train for almost anything (trade/profession) I was capable of doing if - at the end of the process - I was guaranteed a decent job (one with some security, health insurance, available where I live (large city)… where I could just show up, do a good day’s work, go home, and enjoy my personal time.
    Everything now seems to be an expensive gamble. You have to constantly ‘sell’ yourself. My degree wasn’t in self promotion. It probably should have been…
    I’m now about to turn 40 and I feel no further along than I did coming out of high school. At least then I had some optimism that the future was open-ended. Sorry for this depressing aside. It wasn’t meant to be some bleak. 😅

    • @bchristian85
      @bchristian85 10 หลายเดือนก่อน

      Fortunately, boomers didn't have to deal with what we did from 2008-2012 and 2020-present. These two recessions pummeled our generation.

  • @KeritechElectronics
    @KeritechElectronics ปีที่แล้ว +12

    While here in Poland we don't have such a thing as student loans and most universities are public and free of tuition fees for daytime studies (weekend or evening studies come at a charge), the pressure to get a degree and the promise of a good career for my generation WAS a very real thing... to the point that it's hard to get a job (apart from retail hell, gastronomy, construction etc.) without a degree because of mass production of bachelors / masters. Quantity over quality,.

    • @crios8307
      @crios8307 ปีที่แล้ว +2

      Same in Italy, and we don't even have minimum wages, so degrees get paid 800€ or nothing for "apprenticeship", just to get dumped since using junior hr doesn't involve hiring them with a stable contract.
      So we have a lot of educated people emigrating, and our government lamenting that we are basically "snowflakes" for wanting a job that would allow us rent, life projects and a a stable job position that we studied for.
      Ofc, people with degree are required to be 22 y.o. with 5 years experience in a field and now are even encouraged to start popping babies to "preserve our ethnicity" (I'm not joking)

    • @KeritechElectronics
      @KeritechElectronics ปีที่แล้ว

      @@crios8307 and the EU is not even batting an eyelid at the blatant racism in the last one... Meh

  • @30McKinney
    @30McKinney 11 หลายเดือนก่อน +2

    They sold all the student debt as securities. Got played.

  • @dickiewongtk
    @dickiewongtk 11 หลายเดือนก่อน +7

    The worst part is they told us to go to college but mock us right now and blame us for our student debt. I mean wtf?

  • @lexkek5625
    @lexkek5625 ปีที่แล้ว +145

    I'm gen z and idk how different school was back then but I honestly hated school. Public school is so restrictive and most kids don't want to be there. I dropped out of my first year of college because it still felt like highschool but costed money. I wasn't going to put up with it for another two or four years more and suffer debt.

    • @mrs.quills7061
      @mrs.quills7061 ปีที่แล้ว +23

      Millennial here nah we hated it too, we just didn’t have to worry about being shot at the time and didn’t have online homework or classes. I didn’t start doing anything online until I was more in college.

    • @mechtist
      @mechtist ปีที่แล้ว +22

      zoolenial here, public school is child abuse. i assume private school is similar. grew up with major undiagnosed adhd, forced to sit in a chair 7.5 hours a day, truly a terrible experience. dropped out of college after a couple years when i realized degrees are worthless.

    • @ToastyMozart
      @ToastyMozart ปีที่แล้ว +15

      Another millennial here, yeah it sucked in our day too. Similar two-bit authoritarian teachers/staff, unaddressed bullying problems, and tedious box-check classes to prep us for standardized tests and little else. Didn't quite have the overtone of existential dread and hopelessness yet though, since we didn't know how bad the boomers were screwing us over at the time.

    • @Elonyx.studios
      @Elonyx.studios ปีที่แล้ว +2

      Millenial here. Talked to my mom about her school days and I think the consensus is that public education has always sucked for everyone.

    • @zkkitty2436
      @zkkitty2436 ปีที่แล้ว +2

      Can I ask what job you ended up getting? I’m wondering if college isn’t for me but I need health insurance :((

  • @kp8923
    @kp8923 ปีที่แล้ว +106

    Went to community college finally at 25. Mass shooting in the room next to mine on day 3. Couldn't stop drinking for six years after that. Got a 4.0 for two terms on the undergrad stuff and then dropped out, burnt out as hell already. I can't even imagine going back even 8 years later. I understand these results are atypical, but for me college was a bad idea, it turns out. Lol. I happen to make more money now than I would have if I kept at it though, but only through sheer luck.

    • @mrs.quills7061
      @mrs.quills7061 ปีที่แล้ว +13

      Oh my god, I’m so sorry you went through that trauma. And it’s happening like every week now… yet politicians just be like 🤷🏻‍♀️ there’s a problem but we don’t know what 🤔

    • @kp8923
      @kp8923 ปีที่แล้ว +9

      @@mrs.quills7061 Yeah, very difficult problem to solve, especially if you understand rural US gun culture. The "come and take em" mentality is a powder keg.
      And I'm feeling way better now, for the record.

    • @vincent67239
      @vincent67239 ปีที่แล้ว +4

      This is very inappropriate, but I misread your name as, “Kyle Boom”.

    • @kp8923
      @kp8923 ปีที่แล้ว +5

      @@vincent67239 lmao Dude if that were my name I'd have to go on a motivational speaking tour after all that. Great branding

    • @branditemple8954
      @branditemple8954 11 หลายเดือนก่อน +1

      Sheer dumb luck, it's scary isn't it? And it is sad for those who weren't so lucky. I at least believe God has my back....but even then, it's God's will...But if you don't mind...it doesn't sound ALL like luck...sounds like you dug yourself out of a downward spiral...that takes strength/perseverance. Those characteristics will help you along the way...and may have not been developed without diversity. Life is...weird like that.... gotta be grateful for it in a way, for those scars we bear. They cause us a lot of misery, but...give us a lot of hidden strength. God bless

  • @muscleman125
    @muscleman125 ปีที่แล้ว +15

    Im a 99 baby, and In lots of ways I'm very happy I didn't go into college, mostly out of the debt and how useless the degree has become in so many industries.
    But at the same time I regret missing out on all the big college experiences, friendships, experimenting, parties, etc... I feel like I've sacrificed not being in crippling debt over developing the social skills and connections young adults my age need.

    • @kompav5621
      @kompav5621 ปีที่แล้ว +8

      Eh, not worth it. Those skills you can develop whenever and without the massive price tag. Granted, I did make an awesome friend at uni, but otherwise the social experiences were pretty meh; not worth the price.
      I was born in 99 too, btw. Glad you didn't buy into the college lie.

    • @shelbysycamore637
      @shelbysycamore637 11 หลายเดือนก่อน

      Correct me if I am wrong but I think the, "college experience" part is more of an American thing. I heard once before that staying in dorms and having large sporting events tied you education is uniquely American.

  • @MustbeTheBassest
    @MustbeTheBassest ปีที่แล้ว +20

    "millennials got screwed" in literally so many ways. Now we can't even get a house. I'm done with this country

  • @lame007
    @lame007 11 หลายเดือนก่อน +5

    When everyone's special, no ones special.

  • @Grim_enigma
    @Grim_enigma ปีที่แล้ว +19

    Not to mention that upon graduating unless your degree is in certain fields its usless, off to mc donalds with you

  • @ggad1899
    @ggad1899 ปีที่แล้ว +11

    Didn't begin with Millennials - this affects GenX onwards. Started right after Reagan busted unions and the idea of living wages, & continued with Bush Sr. They sold us a complete lie that going to college guarantees you a good career with financial and job security for life.

  • @tadajenkins4279
    @tadajenkins4279 ปีที่แล้ว +26

    This is why i took out a loan to pay my student debt. If you use a private loan its no longer student debt and you can file it in a bankrupcy. But I only had 5k (dropped out) so its not practical for someone who actually got their degree.

    • @chromegaman
      @chromegaman 11 หลายเดือนก่อน

      And for those of us with grad school or doctoral degrees, we don't have that option as readily available; after the 2008 subprime mortgage crash, banks started using debt-to-income ratios as disqualifiers for all loans (not just property or business loans), so if you have $120K in loan debt because you went into medicine but burned out because of the absurdly high stress levels of the job, you can't just ask a bank or loan provider for the $150K you'd need to pay out the loan service provider.

  • @zukodude487987
    @zukodude487987 ปีที่แล้ว +5

    Student loan debt is mostly a USA thing.

  • @crazylady5371
    @crazylady5371 ปีที่แล้ว +36

    And Medical bills. You can't file bankruptcy on health care either

    • @brendagriffin7925
      @brendagriffin7925 11 หลายเดือนก่อน +5

      That’s not true. You most certainly can file bankruptcy on medical bills.

  • @PrinceDuCiel7
    @PrinceDuCiel7 ปีที่แล้ว +6

    And than when we all graduated and we’re trying to establish ourselves into careers, or we’re almost done college, the 2008 financial crash happened. Our parents lost their houses. Our jobs disappeared. Our degrees got us first in line at the McDonalds.

  • @LDogSmiles
    @LDogSmiles ปีที่แล้ว +3

    The solution is more complex than simply having more people go into trade jobs. It’s a whole economic and social issue that must be tackled on different fronts. Cancel student debt, reduce prices of schooling, rethink the value people place on education, implement policies that prevent predatory capitalist practices in education, etc.

  • @stoodmuffinpersonal3144
    @stoodmuffinpersonal3144 ปีที่แล้ว +17

    Tell me about it, doc.
    Its killing me.

    • @stoodmuffinpersonal3144
      @stoodmuffinpersonal3144 ปีที่แล้ว +2

      I love having been chasitized for my grades, working hard to get to uni, get a degree... to now be working and not being able to pay my parents rent. "Just get a better job." As other jobs continue to reject me or fail to get back to me. To be told its all my fault, as I have cheonic pain and adhd.
      It makes me furious, actually.
      And there are people who have it WAY damn worse than I did/ do.

    • @vibecheck8420
      @vibecheck8420 ปีที่แล้ว

      ​@@stoodmuffinpersonal3144 what did you get a degree in?

  • @BenAstridge
    @BenAstridge 11 หลายเดือนก่อน +1

    Hearing this stuff makes me feel like being a dropout was a blessing in disguise. I was a very good student, my path was uni. But i experienced some... bad things and then left. For ages i felt i'd thrown my life away but maybe not so much... Things have been turning out okay.

  • @CloudLikeOtter
    @CloudLikeOtter หลายเดือนก่อน +1

    It's so refreshing just seeing influencers be people and just living life. keep up the good work love the video

  • @mortalitydoesstuff8965
    @mortalitydoesstuff8965 ปีที่แล้ว +234

    Just don't pay your loans either, they can't arrest us all

    • @sefyravelvetpaw8166
      @sefyravelvetpaw8166 ปีที่แล้ว +44

      They'll sure as hell try, but this COULD overflow the prisons; I don't know exactly how many people have student loan debt

    • @blacksuite1
      @blacksuite1 ปีที่แล้ว +32

      They make money through private prisons.

    • @wiosna4
      @wiosna4 ปีที่แล้ว +13

      @@sefyravelvetpaw8166 not COULD but DEFINITELY WOULD if even half the people with loans decided to not pay

    • @alienvomitsex
      @alienvomitsex ปีที่แล้ว +1

      ​@@blacksuite1 They still cannot imprison all of us. This is why working-class solidarity scares the shit out of liberals and conservatives alike. Which explains why working-class solidarity is our only hope for a future.

    • @sefyravelvetpaw8166
      @sefyravelvetpaw8166 ปีที่แล้ว +13

      @@wiosna4 that would disrupt businesses too since pretty much everyone with loans is working

  • @WoWisdeadtome
    @WoWisdeadtome ปีที่แล้ว +22

    The thing is a high school diploma in the 1960s was more valuable than a BA in the 2020s, both due to the scarcity of highly educated people in the 1960s and the education standard being higher.
    What happened is people who graduated high school in the 60s and 70s and went to work saw how much their old friends from high school that got a degree were making so they said: "That's gonna be my kid." The problem is everyone did that and so the number of college/university grads reduced the value of the degree. Combine that with the ideological nonsense that the universities adopted and now your degree can be seen as an outright detriment. Employers are currently searching for alternative criteria to assess a candidate's viability rather than education because the degree means the applicant has a lot of debt, therefore necessitating a higher wage AND has probably picked up some absolutely rubbish ideas, that they hold with quasi religious conviction in taking on that debt.

  • @aboxthatdrools
    @aboxthatdrools ปีที่แล้ว +1

    Even dying is expensive. Might as well become immortal.

  • @TheBashful0ne
    @TheBashful0ne ปีที่แล้ว +13

    I'm glad I did Community College because I don't have student loans. I still wish I had taken the time to learn myself & find that career path that aligned with me though

    • @abigail01441
      @abigail01441 11 หลายเดือนก่อน

      There is a book entitled The Gift Within You by Dr. Caroline Leaf. She does research in Neurobiology. The book has an 11 page self test in the middle.
      You might possibly find it interesting.

    • @bds8715
      @bds8715 10 หลายเดือนก่อน +1

      Are you me? 😂😭

  • @andrewm4141
    @andrewm4141 ปีที่แล้ว +45

    Thank you!!!! So many people don’t understand that the real issue is that you can’t declare bankruptcy. The best solution right now isn’t to subsidize the loans people have already taken with tax payer money it’s to let students default and declare bankruptcy and let the schools take the hit.

  • @codahighland
    @codahighland ปีที่แล้ว +28

    It's things like this that further make me say I'm a young GenX and not an old millennial, even though the usual definitions say otherwise. In my industry, in my part of the world, college did end up being the right plan... but it wasn't sold to me as being the automatic key to success, because GenX broadly speaking doesn't believe that they can count on the world doing them any favors. So I took the mindset in that I was going to have to work for everything. College wasn't the ticket to fly to a good life. College was one of the ways I could get a car to drive myself there eventually, and I knew that going in.

    • @rowlganartamas2835
      @rowlganartamas2835 ปีที่แล้ว

      Yeah, the first few years of millennials in the US even, if you followed the plan to the letter with no delay and got established in the workforce, you were on the last train out of that station. If you delayed at all and hadn't become established enough in your career, you got slammed by the economic reorganization of 2007/2008 with the rest of the millennials after you.
      So you're right that the eldest millennials do have some Gen X overlap in that way and some others. That's usually how it goes anyway.

    • @codahighland
      @codahighland ปีที่แล้ว

      @@rowlganartamas2835 For sure. This just isn't the only thing that makes me say I'm culturally much more like GenX even though I was born in '82.

  • @FiksIIanzO
    @FiksIIanzO ปีที่แล้ว +5

    It's not the problem with the millenial generation, it's the problem with the US legislation. There's dozens, maybe even hundreds of countries where teens aren't automatically indebted to the government on the basic right of getting educated.

  • @MrsLadyLiberty
    @MrsLadyLiberty ปีที่แล้ว +19

    Just found out why I haven't been able to get a job with a MBA for the last decade; my grad school was part of Sweet Vs. Cardona. So I did everything right but wasted not just the time in school but also a decade looking for work just to find out that it was *officially* all a fraud. Now I'm 40 and homeless and I feel like I can't even say I have a worthless degree anymore. I basically have no degree and wasted a good chunk of my adult life. My mental health is not great from this experience. Getting help for mental health when you're so impoverished is very difficult. I work, but barely make enough to survive let alone pay for adequate mental health treatment. It's really not a good situation.

  • @heartdragon2386
    @heartdragon2386 ปีที่แล้ว +4

    Most of the jobs that pay well and don't require a degree will destroy your body. Manual labor can pay well, but when it does, it takes a piece of you, and usually does little to ensure you are covered when those doctor bills come due.

  • @demonpopup27
    @demonpopup27 ปีที่แล้ว +9

    I like just going to my 9-5, being completely out of debt and having good credit and credit history. Maybe I'll to school later. Once I save alot more.

  • @Elayaass
    @Elayaass 11 หลายเดือนก่อน +3

    And then they tell us we're lazy cause we couldn't get a job

  • @JenIsHungry
    @JenIsHungry ปีที่แล้ว +1

    Being an elder gen z/babiest of millennials (97), we werent even told we had a future lol this is something my millennial husband and myself will talk about and why the generations differ in their approach to life. He was promised success that didnt turn out, I wasn't promised anything.

  • @ram0166
    @ram0166 ปีที่แล้ว +5

    He forgot taxes. You can’t clear tax debt either. The reason is government will discharge money you owe anyone but government.

  • @AssassinsFear
    @AssassinsFear ปีที่แล้ว +3

    Because of the cost of 4 year universities, many more people are deciding to go to a community college then transfer as a junior. Pay 1/10 the cost for 2 years then finish your degree

    • @sethkappaccilli9509
      @sethkappaccilli9509 ปีที่แล้ว

      Going to CC for your first two years is the best idea.

  • @jessicafrank944
    @jessicafrank944 ปีที่แล้ว +1

    I remember graduating during the 2008 recession. The problem is that by then, entry-level jobs were eliminated. The "job services" my college offered didn't help at all since things changed during the recession. Looking for a job was a catch-22. Most jobs required a degree and several years of "professional" experience. So where does that leave fresh graduates who are seeking to start somewhere for experience? Even jobs like an administrative assistant needed at least a college degree by then, which I remember I could've taken out of High School but that interferred with my ability to go to college during the daytime for classes. Jobs you had to take in order to attend day classes at college didn't count despite the skills being very transferable (i.e. retail and restaurant jobs). I remember during an interview, before saying anything, a potential employer mentioned how I and my generation feel over entitled to just get a job. Many of us don't. Many were raised to work hard and start from somewhere. We just need our foot in the door and start somewhere first. It was also discouraging to hear that Graduate level degrees were more desired. That takes time, more student loan debt, and we still need to make a living during the time it takes to complete this type of degree. We should be adults who can live on their own. The economy changed and we weren't ready for it. Before you were able to take on a loan and pay it off by finding work after obtaining your degree. I had people who explained that to me several times during my time in college who graduated prior to me. I am tired of the narrative against millenials. We do desire to work hard and obtain the American Dream. I think we are doing fine now, but it is still a challenge.

  • @theelephantintheroom69
    @theelephantintheroom69 ปีที่แล้ว +152

    You also can't buy a house in your late 20s like they could

    • @ghostsparta13
      @ghostsparta13 ปีที่แล้ว +6

      Thats not true, im 23 with no degree, and im about to close on a house now. i only make 52k a year and with a 740 credit score the bank told me i can afford a 134k mortgage, now ill be honest i do have a partner so that helps with bills but she wasnt factored into the mortgage at all the house is in my name, and at the same time i bought the house shes persuing her degree its a win win, its definitely not gonna be easy for someone whos single and works at McDonald's but i think people in that situation have bigger things to worry about than a house 😂
      Also another big thing 90% of people dont understand is living below your means if its possible, lifestyle inflation is a real thing and its a big issue, just because you earn 50% more than you did doesn't mean you can or should spend 50% more and for some reason a lot of people do just that, i see friends who complain about how they cant afford anything but have a 800 dollar truck payment and the only person who cares about the truck is them, its dumb. Budget, and track your spending habbits, being aware of where your money is going makes you less likely to spend it all the time, i was suprised when i started a realized how much i was pissing away on junk food, games, and stupid stuff that wasn't even making me happy and i also realized sometimes i was spending way over what i was making. also i get that not everyone can budget enough to buy a house but just because you cant l, doesn't mean you shouldn't try. if you just say "im poor i cant save anything" youll always be poor, but if you at least try then maybe youd be in a better place than you thought and worst case nothing changes but at least you tried.

    • @MustbeTheBassest
      @MustbeTheBassest ปีที่แล้ว +35

      ​@@ghostsparta13 tldr; $138k won't get you anything outside of the middle of no where. An entire generation of people should be able to live with in two hours of where they work.

    • @ghostsparta13
      @ghostsparta13 ปีที่แล้ว +1

      @@MustbeTheBassest i live in cny and im getting my house in a city there im not going to specify which for obvious reasons but its not a big city it has a population of 12k people and the next nearest cities are at 17k and a village of 8k and another city of 60k so its not big big but not in the middle of nowhere if you think a 1 mile drive to any store or fastfood joint is the middle of nowhere, where i currently live the nearest grocery store is 20mins away

    • @MustbeTheBassest
      @MustbeTheBassest ปีที่แล้ว +32

      @@ghostsparta13 when you feel like a brag is, "I'm a 20min drive to a grocery store" then yes, you live in the middle of nowhere. You said it yourself. 12k people... I don't know what you think you're trying to prove. People can always move away from their families and loved ones. The point is that they shouldn't have to in order to survive. It's our laws. We choose to allow investors to not only buy hundreds and thousands of homes, we also allow them to sit on them and do nothing with them. It's ridiculous.

    • @ghostsparta13
      @ghostsparta13 ปีที่แล้ว

      @@MustbeTheBassest no i haven't moved yet where i currently live its 20 mins away and is in the middle of nowhere, my house im moving to is less than a mile from aldi, and about 2 from Walmart, and less than a mile from my job ill be able to walk everywhere now. So to your point, i dont live in the middle of nowhere, and i dont have to drive 2 hours to work, also apartments around here that are halfways decent are almost as much as a mortgage that was the reason i went house shopping in the first place. Oh and another thing i was pre-approved for 138 that's not how much i spent i actually spent less.
      Now the difference between you and me is that i wasn't bragging but you are definitely whining, i was trying to prove a point that its not a impossible task to get a house, and i was trying to give information so that people could have some hope that its possible for them too if they have reasonable expectations. All the while youre trying to prove how wrong i am, if you wanna live in New York city or Austin Texas or Los Angeles with nice views and fun stuff to do then youre gonna pay top dollar for it, if you wanna work in those big cities like that its perfectly fine but if you cant afford to live in the city thats fine too but that means longer commutes or you need to look for a better job. Dont sit here and whine about how you cant live in a big city and have it be affordable you cant have your cake and eat it too. and believe me id love for everyone to be able to afford a house to live in but at the same time you seriously cant expect the guy who works at the central square McDonald's to be able to afford a decent place by himself and if you think a guy who flips burgers should get paid enough he can afford to buy the same stuff as a wall st banker then you got shit twisted thats not how life works money isnt given its earned, and if you aren't being paid your worth then move on if you can, thats what i did and im only 23.

  • @ajmosutra7667
    @ajmosutra7667 ปีที่แล้ว +9

    Not only that but there far less jobs for less ot more educated because of recession. So even if you get one, the competition is hard.

  • @bouclechocolat
    @bouclechocolat ปีที่แล้ว +6

    I was lucky with scholarships (and sense knocked me in the head to go to the local college for free instead of paying thousands of dollars for a school's name) and have no medical debt. My unmarried partner has student debt that's honestly not that wild compared to others, but because of it, it was actually easier to get a mortgage with only my name

  • @JRoseBooks
    @JRoseBooks ปีที่แล้ว +2

    Plus, the interest is predatory. I know people who’ve paid almost as much in their initial loans due to only paying off interest. It’s criminal.
    If you mainly got to pay off principle, it wouldn’t be quite as bad.
    For comparison on bachelors loans. Younger friend paying $600/month for ten years. Still not paid off. I paid like $125/month for ten years and paid it all off. (Both of us took 2 years off paying)

  • @Jed_Elias
    @Jed_Elias 2 หลายเดือนก่อน

    Dropped/ failed out of college before the pandemic for this exact reason and started going back to school a few years ago after finding a better job. Don’t exactly recommend waiting so long to go back like I did, but don’t be discouraged if school takes you longer than expected this day and age. If I had stayed, I’d be in such a worse place right now financially, mentally and physically speaking. Normalize standing up for yourself and prioritizing your state of life so you can make the best of it for yourself and those you care about later on.

  • @mythmakroxymore1670
    @mythmakroxymore1670 ปีที่แล้ว +176

    I went to college. I hated it. I’m special without the damn college. I really dodged a bullet.

    • @redgreen2453
      @redgreen2453 ปีที่แล้ว +18

      I went to college, got physically assaulted by my roommate multiple times, fun times

    • @redgreen2453
      @redgreen2453 ปีที่แล้ว +1

      @@dathguy556 it’s funny, that’s what he said

    • @xquisid
      @xquisid ปีที่แล้ว +4

      ​@@redgreen2453 Did you, by any chance, ever give him a taste of his own medicine?

    • @quinndepatten4442
      @quinndepatten4442 ปีที่แล้ว +7

      Me too. If i had stayed in college, id be fried right now. Im better at managing stuff now and understand my myself a lot more. Theres no way i could've done college and a job being where i was.
      I did learn some cool stuff with microsoft excel there though.

    • @mattpassos5689
      @mattpassos5689 ปีที่แล้ว +5

      @@redgreen2453 that sounds shitty but not like the average college experience

  • @jennyboda8421
    @jennyboda8421 ปีที่แล้ว +3

    You make careless mistakes and they’ll bail you out but you try to learn yourself sumptin, and you’re trapped for life! 🤔

  • @JLo.32P
    @JLo.32P 11 หลายเดือนก่อน

    Very well expressed. Thank you!!! 🙌🏼

  • @Flunksqk
    @Flunksqk ปีที่แล้ว +1

    I live in Germany and we pay about 150€ each semester and that's not the fee to study, university education is free, it's a "solidarity fee" that every student has to pay into a pot that helps students who hail from financially or socially less fortunate households pay for expenses during the studies (like maybe excursions for class) as well as makes student housing for people who need it a little bit more affordable.

  • @C-SD
    @C-SD ปีที่แล้ว +25

    100%
    This is why I didn't push my kid to go to college no matter what. Had they wanted a degree I'd have been behind that, but sitting in a classroom was never her thing.

    • @Lanuzos
      @Lanuzos 11 หลายเดือนก่อน +2

      You’re a great parent. You don’t let society tell you how to raise your child and more importantly, you let your child be itself, not a puppet of the system.

    • @jensenraylight8011
      @jensenraylight8011 11 หลายเดือนก่อน

      that was dangerous, without a degree, the only job you could get is flipping burger at McDonalds or become a Walmart greeter
      you could pigeonhole 70 years your life doing that dead end job with no future prospect, just because you didn't want to sacrifice 6+ years of your life
      yes, there are successful people without university degree, but for every single successful person without a degree, there are millions that are screwed for life, homeless and can't get a job
      even if you end up never use your degree, having a degree is like an insurance for a good future

  • @mew1023
    @mew1023 ปีที่แล้ว +164

    That’s what happens when you have a government and half of your political spectrum that cares more about corporations than people
    Edit: I thought intentionally separating government and political spectrum would show that I believe the government is included as a whole. All politicians and the friends they carry to positions of power

    • @atmac2162
      @atmac2162 ปีที่แล้ว +36

      You mean almost the whole political spectrum.

    • @ehs1452
      @ehs1452 ปีที่แล้ว +16

      Capitalism moment

    • @mew1023
      @mew1023 ปีที่แล้ว +10

      @@atmac2162 hmm maybe. One party in particular seems to adhere to a much more capitalist and “might makes right” philosophy than the other, but that doesn’t mean it doesn’t exist on both sides. I think moderates and especially the politicians are exactly as you say they are though

    • @atmac2162
      @atmac2162 ปีที่แล้ว +5

      @@mew1023 If they actually wanted it done, it would have been done by now. You underestimate the size and scale of Institutional powers in America.
      Banks
      Prisons
      The Military
      Those are the 3 major power players in the USA, and Nothing gets done without one of them telling it to be so.

    • @kavky
      @kavky ปีที่แล้ว +2

      ​@@mew1023 they're both the same party

  • @danilynn9904
    @danilynn9904 11 หลายเดือนก่อน +1

    So many of us first generation college students had no idea what we were doing.

  • @smartxalex5719
    @smartxalex5719 ปีที่แล้ว +8

    I want to go back and get my PhD so bad but I look at that 200k of additional debt and cannot financially justify it.

    • @Taigokumaru
      @Taigokumaru ปีที่แล้ว +2

      I can relate. I'm a Mathematician and one thing I've been doing is gathering all sorts of high level books to learn from for now. I buy them cheap and whenever I get around to starting a PhD program, I'll be fairly prepared and not starting from ground zero.

  • @olivertaveras9896
    @olivertaveras9896 ปีที่แล้ว +28

    My dad was a carpenter he said don't go to school it's a waste of time. And that was great advice. At 20 I had no debt. Made 50k a year. Had a ton of fun no stress. Now I'm 30 with my own business, travel, date around. And I used to be looked at as the "unsuccessful" cousin just cause I didn't go to college. Lmao feels good af now

  • @ShermanWilliamsVideo
    @ShermanWilliamsVideo ปีที่แล้ว +3

    Late GenXer's be like, first time? Welcome to the club.

  • @chrisvighagen
    @chrisvighagen ปีที่แล้ว +1

    Not just US, sweden has the same issue. Yes, university IS FREE, but rent, food, books, pens, laptops, printers, are not free, so while we do get a government stipend, it is around 100 usd, the rest you got to take out a loan for. Oh and if you fail more than one test, you do not get a new loan next semester or a stipend. And if you work you can still take the loan but you get no stipend.
    And even if you declare personal bankruptcy the student loan won’t be forgiven. It’s exempt from any loan forgiveness programs.
    I don’t have much student loan by us standards, but my 30 000 euro student loan has haunted me since 2007, and wont be done until an other 10 years from now and I voluntarily pay double the student loan repayment.

  • @adgefreeman6091
    @adgefreeman6091 ปีที่แล้ว +2

    So happy I never went to college

  • @AlastorTheNPDemon
    @AlastorTheNPDemon ปีที่แล้ว +6

    Our generation has been a victim long enough. I am receptive to any solution that nets us what we deserve, if for no other reason than to shed victim status.

    • @abigail01441
      @abigail01441 11 หลายเดือนก่อน +1

      Read the book, The Creature from Jyckle Island by G. Edward Griffin.

  • @HealthyGamerGG
    @HealthyGamerGG  ปีที่แล้ว +11

    💚

    • @ajmosutra7667
      @ajmosutra7667 ปีที่แล้ว +1

      Green like money, debt... 💲

    • @KiDjoKeR-01
      @KiDjoKeR-01 ปีที่แล้ว

      Dr.K may I ask you a question ?
      Do you think that it isn't true kindness if you don't help yourself 1st before helping others ?

  • @C-3PFLO
    @C-3PFLO 11 หลายเดือนก่อน

    I vividly remember going to look into student loans after I graduated High School and being confused by the rates. I asked the people in the finance office if I was understanding how much I would owe at the end, and they were like, "YEAH! BUT IT'LL BE FINE, YOU'RE GONNA MAKE SO MUCH MORE THAN THAT!".
    I walked out and never went to college, best decision of my life. I make substantially more now than anyone I know who went to college and wasn't held down by debt all those years.

  • @sevendevs2253
    @sevendevs2253 ปีที่แล้ว +1

    Dr. K sounds like he had a fair share of experience rip

  • @UnderTheIceburg
    @UnderTheIceburg ปีที่แล้ว +3

    I feel like you started off on the right track but segued into a secondary problem.
    As you start to say, the millennial generation was sold the lie that an education is a fast track to success, but you fall short of acknowledging that when literally everyone has an education, you no longer stand out for having it. Someone might argue that having an education is now the baseline but I don't think that's any more true today than it was when we were in high school and if anything, I'd argue those without an education probably have more options today than back then.
    I think that if you aren't interested in STEM, law or some other highly specialized skill, formal education beyond high school is probably a waste of time and money. You'd probably be better served spending that time and money actually building something yourself or taking a trade. At least for the majority of the corporate world, rather than a formal education, hiring people would rather see that you can self-learn and are motivated enough to create something on your own.
    Of course, the costs and loans involved in post-secondary education are an entirely different can of worms.

  • @Holphana
    @Holphana ปีที่แล้ว +4

    When I was a kid I wondered why I would pay for the education that makes me a contributing member of society.
    So I'm holding out for a free education. I'll be here when you need me.

  • @Sirbikingviking
    @Sirbikingviking 11 หลายเดือนก่อน

    All this at the same time where its harder than ever to find dependable love and partnership. Being able to rely on each other financially to split the bills and have each other's backs is needed now more than ever.

  • @LeadRakFPS
    @LeadRakFPS ปีที่แล้ว +1

    Got screwed is a understatement. We got screwed in the aspects you mentioned, while trying to fix all the shit the ones before us fucked up. 😂

  • @Riyozsu
    @Riyozsu ปีที่แล้ว +37

    This isnt a problem with the generation of people. Its the problem with the government running the education system.

    • @leza4453
      @leza4453 ปีที่แล้ว +19

      In Germany the goverent runs the education system. College is fee for students - no tuition! The universities are among the best of the world and the general level of education in the population way higher than in the US.

    • @nwogeistmagier9425
      @nwogeistmagier9425 ปีที่แล้ว +2

      ​@@leza4453 Universitäten haben nen guten Ruf.
      Aber die normalen Schulen sind echt fürn Arsch (Digitalisierung
      gescheitert,Lehrermangel usw.)
      Zumindest alle in meiner Nähe.

  • @FeliciaSelene
    @FeliciaSelene ปีที่แล้ว +4

    Great summary of the root of the problem. I wish your government would see the problem and do for the population what they have already done for companies and banks ... And take your debt and make it go away.

  • @quinndepatten4442
    @quinndepatten4442 ปีที่แล้ว +2

    I might have been able to skirt by without the debt. But theres just so much paperwork and bureaucratic nonsense, on top of the stuff you have to manage in college and out.
    I don't know how bad it gets. But i imagine college is an overwhelming nightmare. I only went to a community college.

    • @hexidecimark
      @hexidecimark ปีที่แล้ว

      Overwhelming, perhaps. Nightmare, perhaps not.

  • @justinenglish_5750
    @justinenglish_5750 ปีที่แล้ว +2

    It is a global problem. In the US, people have huge student loans but in Europe at least we experience the same thing. Student loans are part of the problem not the problem itself. What is the problem then? The false dream, the false success. Our parents generation were told by their parents that to be successful is to have a higher education and find a job you will keep all your life. It was true for our grandparents but this recipe for "success" began to crumble at the time of our parents generation. Those who fail to "succeed" believe that it is their fault, because of individual decisions. I talked about with yesterday with a friend. Our parents "failed" and then carried on this mentality onto us. We should have a university education, a master and a job. Me and my friend used to think that but still we had our doubts. The reality is I was the one with the most probability to succeed, to have a master degree. Guess what I realized? Those degrees were bullshit, and more importantly I was so bored and I learned nothing useful there. I used to love school but I hated university education. I stopped after I got a bachelor degree (3 years in France). I was unemployed for 1 year, learned how to drive (finally sth useful) and I began to heal of my 5 year depression. I found a job at a museum where I learned so many life long practical lessons (including what a sane job environment is supposed to be) even though the job itself was so boring and repetitive. I stayed there longer than I anticipated because of the pandemic, my colleagues which I enjoyed working with and my salary. I had no formation or experience in tourism, culture. I only had my bachelor degree in English. I earned more than my friends who worked so hard to find a job in relation to their master degree. After the bachelor degree I could have continued with a master degree in education to be a teacher or in translation. I did not, thought from time to time that I failed. I realised that listening to my instinct was the best decision I made. One friend became a teacher, she earns less than me. One friend began an other bachelor degree then a master degree in translation she speaks English and Spanish when I can only speak fluently English. She earns less money than I did. One friend has a master in history she is still unemployed 3 years after her graduation. She had temporary jobs here and there unrelated to her education. Her wages were miserable, indecent I would say. Her cousin who did the same bachelor than I did, did a master in translation. She has been a janitor and earns the minimum wage. She is very unhappy with the situation and I understand her. This is the only way for her to survive. My ex-boyfriend, who almost failed his highschool final exam, was lost for a couple years, Began to study law, failed the first year, tried again, failed again then changed for history. He has now two different master degrees in history and has a job similar to was I had, probably earns more or less than I used. He could have done this formation in 2 years after highschool instead of 9 years of studies. At least he is happy now with what he does. Another friend did a bachelor degree (4 years) in a specific school in communication. She was unemployed for 2 years at least. She just began her first job. At least they accepted the salary range that she is supposed to earn at her beginner level with a master degree. It was not her first choice. We will see if she likes working there in the long run. My best friend did a bachelor degree (4 years) in a specific school in ergotherapy. She found a job fast because we lack people in this domain of expertise. She began to work with the same salary that I had. Because of the pandemic the government decided to raise wages of hospital workers to appease their anger. She began to earn more because she was lucky to be at a specific time in a pandemic otherwise she still will earn the same salary. I have many more example of people with master degree. No one had better "success" as I had or the same salary I had. I am telling you this because money is the catalyzer of "success". Still, I don't think I am successful. Why? Because I have not found a job that I love, where I feel useful, where I feel fulfilled. Neither do my friend except my ex-boyfriend.
    In conclusion, millennials are very happy because their future is not what their parents used to tell them. We have realized very early that it is a fantasy, an old dream. The definition of success is more individual that a one-type-fits-all recipe. Our future is very uncertain, full of unexpected negative challenges that seem bigger than us and we are not responsible for it. The older generations do not understand each other and vice versa. Or do not care. We feel alone and lost, some without hope. We all knew that life was unfair. The difference now is that life is unfair for the majority of people and we discovered earlier (teenagers and early adults) than I think previous generations. The older generations think that they succeed or failed because of them. The cockiness or the guilt is huge. Our generation knows that it is not our fault, but the society's. Success is a matter of luck, timing, privileges and a little bit of work. Meritocracy doesn't exist.

    • @the_expidition427
      @the_expidition427 ปีที่แล้ว

      Split this into multiple paragraphs one by one. It would make it easily readable.

  • @mellar5864
    @mellar5864 ปีที่แล้ว +5

    MERICA! FUCK YEAH!

  • @a_fallen_temple
    @a_fallen_temple ปีที่แล้ว +7

    I got laughed at and mocked by my peers for not going to college right out of HS in 2012. Who’s laughing now?

  • @zacharyadler4071
    @zacharyadler4071 11 หลายเดือนก่อน

    For any young people reading this I highly recommend going to community college for 2 years, then transferring to a university for the remaining 2 years of your degree. You save so much money. I went to a community college, then transferred to UCSD and now I'm an ML engineer. If possible research what community colleges have the best transfer rates and plan ahead what courses you need to do the transfer.

  • @T3tjamie
    @T3tjamie 11 หลายเดือนก่อน +1

    *googles* “how to go to school in Germany”

  • @Number704
    @Number704 ปีที่แล้ว +4

    I'd like to pay back my loans with lead, brass and gunpowder.

  • @inkySaccharine
    @inkySaccharine ปีที่แล้ว +24

    The problem is, you were just told to go to college, not what to go to college for. A 4 year English degree is absolutely dog shit compared to a 2 year associates from a community college in Criminal Justice.

    • @lucasbrown9713
      @lucasbrown9713 ปีที่แล้ว +3

      So you're telling me that the world doesn't actually need African-gender-queer-art-studies majors?
      *Surprised Pikachu face*

    • @MaaveMaave
      @MaaveMaave ปีที่แล้ว +1

      Damn I already knew this. Liberal arts degrees were the butt-end of jokes. STEM degrees were the money-makers and I knew it only had to be tangentially related to the job

    • @orvilgrunmeier7559
      @orvilgrunmeier7559 11 หลายเดือนก่อน +12

      This is a cope argument. Enough people are struggling with student debt that it can't just be that they all got silly degrees. The truth is no degrees give the return on investment like they should because the market is over saturated with graduates and there aren't enough jobs for them.

    • @dawnriddler
      @dawnriddler 11 หลายเดือนก่อน

      isn't this what parents are for? they didn't even let me go to any high school. It was always about what will make you the most money.

    • @alejandromaldonado6159
      @alejandromaldonado6159 11 หลายเดือนก่อน +1

      Students also are not given guidance to make sure they know exactly the why they're going to college and how to make the most of it. The idea of college is that kids are now responsible for their own success, but if a country wants it's college students to succeed they need to be given guidance on how to make their college degree work every semester.

  • @Invincible_Vault
    @Invincible_Vault ปีที่แล้ว +2

    I'm in college right now, but it's for a specific goal. There are, however, many people that I have asked, "So what do you want to do as a career," "What is your goal in life," and/or, "What are you going to do with your degree in X?" All of them from America so far have responded with, "I don't know." The only actual answers I get are from foreign students, who say, "Get a job here for a while, then go back to my country and start a business." So many Indian students are in AI courses it's nuts, but there's an ungodly number of Americans who dropped CS in favor of an arts degree that they'll never use as soon as they got hit with any difficulty. They're not here to chase passions or do something good for humanity; these students have just been pressured into lifelong debt by societal expectations. The USA's expectations of youth are toxic af.

    • @the_expidition427
      @the_expidition427 ปีที่แล้ว

      100%

    • @hexidecimark
      @hexidecimark ปีที่แล้ว

      As a CS major who stuck with it and got honors, I can say, my BS has earned me approximately 2-300 dollars total in the last three years and a litany of resume rejections so long it could count as its own epic.

  • @krynosisdreamer1421
    @krynosisdreamer1421 11 หลายเดือนก่อน

    This directly affected the way our free market economy flowed. You couldn't just go get a job after something became a problem. People weren't able to leave bad businesses to deal with themselves. This hurt the ratio of integrity within business practices that used to be considered normal ethics.

  • @Jamie-813
    @Jamie-813 ปีที่แล้ว +4

    I feel like I'm one of few millennials that didn't get student loans. Of course, I also didn't get a college degree. I don't need one to run my own small business, just the smarts enough to understand how to study on my own and find answers to my own questions.

    • @lucasbrown9713
      @lucasbrown9713 ปีที่แล้ว

      Excuse me, this is the victimhood section sir. Please don't interrupt our pity party of poor choices.

    • @Jamie-813
      @Jamie-813 ปีที่แล้ว +1

      @@lucasbrown9713 🤣 nice! How does it feel to be the victim?

  • @wildfire9280
    @wildfire9280 ปีที่แล้ว +2

    I don’t mean to “get political” as the kids say these days but it’s not often remembered that the legislation in question was enacted with the advocacy of the current president trying to alleviate the very same student loan debt crisis.

  • @Sewblon
    @Sewblon ปีที่แล้ว +2

    Even with those high prices, college still has about the same rate of return as investing in the S&P 500, 10.5%. Its still better than most other investments. Guys like you, who went to medical school, are not the victims of the system. You are the beneficiaries of the system, at least when it comes to what your education did for your finances. Adam Looney at the brookings institute wrote about this.

    • @AlwayzAnonymous
      @AlwayzAnonymous ปีที่แล้ว

      Exactly. College-degree-holders make $1 million more on average in their lifetimes than those without. People may not be making as much as their degrees were advertised to, especially when they compare their lives to the lavish ones they see on social media, but degree-holders are still likely to be financially better off. Not only that, but a more educated population is a net win for society, and we should be aiming to make education more accessible for everyone.

  • @Taigokumaru
    @Taigokumaru ปีที่แล้ว +1

    6 months before I graduated and got my bachelor's in a STEM field, a "mentor" the school paired me with said to me:
    "A bachelor's degree is not enough to get a job anymore. You will need at least a master's degree."
    I chose to ignore him and celebrate my bachelor's degree. I still don't agree that graduate school should be required for entry level jobs. I will die on this hill.

  • @spzaruba5089
    @spzaruba5089 11 หลายเดือนก่อน +1

    If you don't know specifically what you are getting on the back end. Do not go. If you must, do community college until you figure it out.

  • @vadoinak620
    @vadoinak620 11 หลายเดือนก่อน

    Thanks!

  • @savageblackfish5117
    @savageblackfish5117 ปีที่แล้ว +1

    This is why I haven't went to post-secondary yet, at 26. When I was 18, I had no idea what I wanted. I would've saddled myself with debt, for no guarantee of a job, in a field I might not be passionate about in 5 years. It seems like such a huge risk

  • @MRSketch09
    @MRSketch09 11 หลายเดือนก่อน

    Hits really close to home.

  • @d-jams
    @d-jams 11 หลายเดือนก่อน

    Thats the reason I didn't go to college after graduating high-school. I knew going would put me in a bad position knowing the fact that I wanted to also do something that incorporated my willingness to draw. And then doing further research into all that. One its not only worth it more to do cheaper options for literally anything to get a degree rather than going to a normal college. But its bad enough as after you get a degree in something creatively driven you will most likely not find something you actually want to do or get turned down because of the potential competition, and even where you graduate with a degree from can matter in any major you could set out for.

  • @m.t-thoughts8919
    @m.t-thoughts8919 11 หลายเดือนก่อน +1

    The problem is full time. It is inefficient these days and also just costs potenital open positions and also leveaves profit out. With part time you could implement a shift system and thus per day your company would actually work longer, without the workers needing to work more. And yes the student depth problem which is mostly an american thing or where education isnt free is also an extra issue

    • @plaidchuck
      @plaidchuck 10 หลายเดือนก่อน

      One of the few intelligent comments here

  • @dastankuspaev9217
    @dastankuspaev9217 ปีที่แล้ว +1

    I think America wasn't noticing this healthcare and education things because it was very successful and growing very quickly. Now when growth slowed is the time for America eliminate those flaws and advance even more

  • @Hammerage1
    @Hammerage1 11 หลายเดือนก่อน

    As a Norwegian student I pay like 75$ per semester. Working a part time job in the field of my education has been enough to fund my modest spending and living expenses. I'm very thankful to have a state that actually provides for the people.

  • @rjsteyn
    @rjsteyn 11 หลายเดือนก่อน

    And THEN the Great Recession in 2008 just as we were starting to get started in the workforce. And then when we got to prime homebuying age, COVID, inflation, and getting priced out of the housing market. We've never NOT had something kicking our financial asses.

  • @joslinnick
    @joslinnick 11 หลายเดือนก่อน

    "Well, you should have gone into the trades instead!" This was exactly what we were steered away from doing!

  • @Siberwar
    @Siberwar ปีที่แล้ว +2

    And it was reforced by mocking people who didn't go to college and blue collar professional people.

  • @SolFireYT
    @SolFireYT 11 หลายเดือนก่อน +1

    I think it’s important to understand that for centuries going to college was a huge deal. When college become more accessible and the problems that came with that it diminished a lot of the returns on college. This happened much quicker than most people noticed so you get people that genuinely believe college would absolutely lead to a better life. It’s not always malicious it’s just that in the last 50 years something constant changed drastically. As an example lot of immigrants that come from poorer countries aren’t aware that going to a trade school( I think it’s college but apparently some don’t🤷🏻‍♂️) could easily net you more than 50k a year within very little time and expense. Sure being a factory mechanic isn’t a prestigious law or medical degree but you’re making almost 60k a year without student loan debts, a consistent schedule, job security, and good benefits. Rather than bitching about the past I think we need to
    A. Make college less expensive
    B. Promote the idea that college is not a measure of success and intelligence or the lack there of. There are many practical paths in life one can take that can make one successful