I-Team: Millennials and Debt

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  • เผยแพร่เมื่อ 23 ต.ค. 2024

ความคิดเห็น • 90

  • @bestly802
    @bestly802 6 ปีที่แล้ว +47

    Would be nice to marry a woman with only $4000 debt and also feels guilty about it. Some of these women out there have like $100,000+ in student loan debt, a $25,000 car loan and another $10,000 in credit card debt but they still at the mall buying high heels and handbags.

    • @JayJay-ue3xy
      @JayJay-ue3xy 6 ปีที่แล้ว +1

      I feel bad for American students with loans that huge! Glad I study in Australia where the government puts between 10-15k each year into your degree!

    • @SynterraSteen
      @SynterraSteen 4 ปีที่แล้ว +1

      Could you imagine meeting a women with zero debt??

    • @JanineDoProductions
      @JanineDoProductions 4 ปีที่แล้ว

      Imagine meeting a woman

  • @tekkenfan01
    @tekkenfan01 7 ปีที่แล้ว +25

    She is better shape than most who are 50,000-100,000 in student debt

    • @shannonjohnson4314
      @shannonjohnson4314 6 ปีที่แล้ว +1

      There are many people above the average debt. I hope they get out of debt with hard work and behavior changes they can get there!

  • @lilyplum6142
    @lilyplum6142 6 ปีที่แล้ว +43

    lol....you mean her husband is a success story who took her under his wings.

    • @aeromedical6750
      @aeromedical6750 5 ปีที่แล้ว +1

      Oh, no doubt. She gets to be a stay at home Mommy with her useless degree while he brings home the bacon.

    • @gunnikr
      @gunnikr 5 ปีที่แล้ว +2

      aeromedical67 Having a parent at home is the most ideal situation for kids if you want to do it and can afford it. It’s also amazing how much less stressful the family life is with one person handling everything around the house and the working parent comes home without having to cook,clean, laundry etc.

    • @brendaechols2228
      @brendaechols2228 5 ปีที่แล้ว +2

      They are married so it becomes his debt too. She really should find a side job so she can help with the debt. Do what you got to do. By the way,...nice house.

    • @aeromedical6750
      @aeromedical6750 5 ปีที่แล้ว +1

      @Gayathri Zeithaml-your response is a typical “victim mentality” answer. She made an unwise choice to pursue a degree in a field that no longer has good job prospects. Along the way, she racked up a huge amount of debt and you think that should be ascribed to HIM because she now wants to be a stay at home Mommy. Reverse the roles and you ladies would crucify the guy for being a loser! Tell me I’m wrong!

  • @videostartsat4464
    @videostartsat4464 6 ปีที่แล้ว +28

    No sympathy for people who shovel money out the window and wonder why they are broke.

  • @bboucharde
    @bboucharde 8 ปีที่แล้ว +37

    The REAL purchasing power of the average American worker is now HALF what it was in 1972, adjusted for inflation. Millennials are the first US generation to see the full impact of a falling standard of living.

    • @katrinaumana2127
      @katrinaumana2127 7 ปีที่แล้ว +5

      And a US Today article published last month backs that, saying Millenials make 20 percent less what Baby Boomers made at the same age 😡

    • @bboucharde
      @bboucharde 7 ปีที่แล้ว +4

      Katrina, Yes, and I expect that this reduction is adjusted for inflation. i.e., This is 20% less real purchasing power.

    • @blackworldtraveler3711
      @blackworldtraveler3711 7 ปีที่แล้ว +4

      I make $160k a year living on less than $50k/yr.. In a nice upper middle class area. I live within my means,save,invest,etc,and don't keep up with the Joneses. A bit of a minimalist.
      Not married,no kids so no court costs,alimony,child support battles in my life to throw money at.
      Paid off my 30 year mortgage in 10 years and always debt free.
      I'm more saver and investor and not a big consumer like most so that purchasing power thing don't affect me at all. I'm the millionaire next door type.
      Invested heavily into companies most people consume from like P&G,oil/gas,insurance,tech,real estate,REITs,etc. and companies that sell things many throw money at like the $1k cell phones,home/cars they can't afford,Starbucks coffee,fast food,cable tv,tech,etc..
      Currently off work for the rest of the year. We have been backpacking/hiking last month through New Zealand and I'm typing this in Rarotonga.

    • @bipi4363
      @bipi4363 7 ปีที่แล้ว +1

      BlackWorldTraveler Props to you bro. I hope to be like you one day.

    • @adriyk
      @adriyk 6 ปีที่แล้ว

      @@blackworldtraveler3711 always debt free yet you admit to having had a mortgage?

  • @andhisband
    @andhisband 4 ปีที่แล้ว +4

    Financial illiteracy - exactly why student loan forgiveness is a *bad idea.* Enabling those who can't handle money only ensures that they'll return to Uncle Sam over and over to bail them out. We can already see that shaping up: wait until these same folks want to retire with no savings.

  • @Cyphlix
    @Cyphlix 7 ปีที่แล้ว +48

    moral of the story: get a sugar daddy lol

    • @NONENONENONE123
      @NONENONENONE123 7 ปีที่แล้ว +5

      Onitz no, get a rich Asian doc, problem solved..

    • @mlonardoxu
      @mlonardoxu 6 ปีที่แล้ว

      LOL

  • @NONENONENONE123
    @NONENONENONE123 7 ปีที่แล้ว +45

    marry a rich man, problem solved..

    • @Ecomatrix
      @Ecomatrix 6 ปีที่แล้ว +1

      no thats not the problem solved...no rich man with half a brain would marry a women thats in debt

    • @darrenkrock736
      @darrenkrock736 6 ปีที่แล้ว +1

      No. Problem not solved. Men do not want a woman who spends. We do not want a woman who thinks we are there to give them what you want. Neither do we want women who want everythig and are never content. We as men are people, not your cash machine.

  • @jacobh1995
    @jacobh1995 6 ปีที่แล้ว +4

    I'm a student but I don't have loans because I do internships over summers and winters. I have an above average savings account. You don't need a degree immediately.

  • @drewconway7135
    @drewconway7135 6 ปีที่แล้ว +13

    It took her 7 years to pay off $4,000 in debt, seriously? 🙄

    • @danielb3863
      @danielb3863 6 ปีที่แล้ว +2

      She naturally seems like a clueless person. Just look at her mannerisms and valley girl voice texture.

  • @lloid6619
    @lloid6619 6 ปีที่แล้ว +4

    It's the age of consumerism, store cards with benefits, buy now pay nothing for a year, interest free. Twelve months down the line and your out of a job, time to start making payments on those must-have items that are now gathering dust in a cupboard.

  • @hollyb6885
    @hollyb6885 4 ปีที่แล้ว +1

    Isn’t it common sense that you find out BEFOREHAND if your degree is going to get you a job that will pay you enough to make that degree worth the money?

  • @kunalsaxena20
    @kunalsaxena20 6 ปีที่แล้ว +5

    In all fairness 7 years for paying of 4000 dollars debt is a bit too long . But still better then most Americans

  • @BlanceDevereaux
    @BlanceDevereaux 6 ปีที่แล้ว +6

    Stop getting useless degrees in media studies, anthropology and sociology. Get STEM degrees or do a two-year Associate Degree in the likes of physical therapy, culinary schools or become an LPN. Do apprenticeships instead of taking classes in "gender studies" and the like. The idea of a 4-year degree (any degree) getting you right up on the ladder are over. Too many people coming out of schools with these silly, impractical degrees that get them nowhere unless they have connections. They are a total waste of time and money and graduates come out of college with all sorts of opinions and no real life or work experience.

    • @TheCoffeeNut711
      @TheCoffeeNut711 5 ปีที่แล้ว

      30,000 mechanical engineers competing for 2500 job openings this year. Its not as simple as you think

    • @user-jy3zl2vp4b
      @user-jy3zl2vp4b 4 ปีที่แล้ว

      Another Engineer here, graduated with honors from a very good school and as a female I was told I would be a hot commodity.......Though am willing to relocate anywhere in the US, I have been underemployed because there are no jobs. Earning 1/6 of the salary that I should have ...and still have loans to pay off. Thank God that is my only debt. It's not a lack of STEM graduates....

  • @TheBrechols
    @TheBrechols 6 ปีที่แล้ว +13

    $4000 is pocket change.

  • @sabbott5834
    @sabbott5834 6 ปีที่แล้ว

    I recommend Lending Club which is peer to peer lending. In other words you're borrowing from regular people and not the banks.

  • @Helthurian
    @Helthurian 6 ปีที่แล้ว +1

    Weird, I've seen dozens of articles saying Millennials are ditching credit cards. Hmm.

  • @JTDyer21
    @JTDyer21 5 ปีที่แล้ว +2

    Most people have been raised up way too easy. Kids aren't taught to work from an early age to save up to pay cash. The result is a bunch of spoiled brats who are not used to working hard and expect life to be easy and convenient all the time. So when life gets a little bit hard the credit cards come out because young people haven't work hard to save up money in the first place.

  • @samyahammami5902
    @samyahammami5902 7 ปีที่แล้ว +11

    Well instead of marrying a rich man, learn french and come to study in France. Our tuition fees is approximately 500 euros per year... I’ve heard its the same in germanyI feel so bad for these peopleYou may have excellent colleges but god its wayyyy to expensive!!!

    • @stonecold9573
      @stonecold9573 6 ปีที่แล้ว +1

      samya hammami Can't go wrong with this advice. The education here in America is a joke. K-12 doesn't teach anything valuable and college tuition is ridiculously expensive. Also, nowadays there are so many made-up majors that aren't worth anything in the job market.

  • @ascott2168
    @ascott2168 6 ปีที่แล้ว +1

    Anyway you slice it, mortgage, student loans, credit cards, car loans, personal loans ect. They're all debts. You're not off of the hook until they're paid !

  • @atlg8or6137
    @atlg8or6137 6 ปีที่แล้ว +9

    Dave Ramsey.

    • @callieford2228
      @callieford2228 6 ปีที่แล้ว +1

      atlg8or6137 Right!! The man is brilliant with getting people into financial freedom!😊

  • @steveelliott77
    @steveelliott77 5 ปีที่แล้ว

    So many of my friends complain about all the debt they took on from their wives. It is such a common story. Men can’t afford to be careless. Women and children can be careless but not men. Wisdom from The Godfather.

  • @THEISAAC1593
    @THEISAAC1593 7 ปีที่แล้ว +8

    i can't believe there is such a thing as a credit card counselor lol

  • @liveinms9949
    @liveinms9949 5 ปีที่แล้ว

    How in the world did she ever think she was going to earn a living with a journalism degree in Decatur Mississippi? That poor town is a hole in the road

    • @aeromedical6750
      @aeromedical6750 5 ปีที่แล้ว

      She didn’t care. The media has convinced the average American that “You must have a college degree to make it in the world!” On top of that our brilliant Gubberment hands out student loan money like its candy in obscene amounts to these people. These kids end up borrowing to the hilt so that they don’t have to work while going to school and enjoy the “full college experience”. Then, they wind up with useless degrees such as Women’s Studies and are unhireable in any kind of real paying profession. The number of these young people working $12/hour jobs with $40 to $50K in student loan debt is staggering. They are no better off with that degree than had they just started working straight out of HS.

  • @atlg8or6137
    @atlg8or6137 6 ปีที่แล้ว +1

    Her parents should be ashamed of themselves. Your children should be adults when they leave the nest.

  • @kwaichangcaine8234
    @kwaichangcaine8234 6 ปีที่แล้ว +1

    Nothing new here I remember my generation back in the 80s a lot of my friends got themselves into serious trouble with credit cards everybody just has to learn not to spend more than they make simple mechanics of growing up.

  • @TamLe-fg8xx
    @TamLe-fg8xx 6 ปีที่แล้ว +1

    My girlfriend has more than $20,000 in credit cards debts

    • @danielb3863
      @danielb3863 6 ปีที่แล้ว +1

      She's prob Asian, that's why.

  • @maxcarter9117
    @maxcarter9117 5 ปีที่แล้ว

    Sneak dissing journalists 😂

  • @Saulpinedo23
    @Saulpinedo23 6 ปีที่แล้ว

    I hate being labeled

  • @josephvargas480
    @josephvargas480 5 ปีที่แล้ว +1

    Has no debt but has a mortgage????

  • @brendaechols2228
    @brendaechols2228 5 ปีที่แล้ว

    $4000 !!!! Thats nothing!!!! Omg. !!! Pay it off.

  • @James-lh7rj
    @James-lh7rj 6 ปีที่แล้ว

    $4,000 in debt that's pretty low a large percent of America has 10,000 or more in debt why weren't we able to hear about one of those success stories $4,000 is pretty easy to pay off, and another thing how did it take 7 years to pay off $4,000 I have $8,000 in credit card debt currently I'll have it paid off by this time next year and I'm an exception for that lower debt with my peers for my area when it comes to debt I don't know this news story seems bunk man?!?

  • @bdgoins1
    @bdgoins1 6 ปีที่แล้ว +1

    Lots of graphics and colors wow sounds like you could be teaching a bunch of 1st graders

  • @shanekhan3437
    @shanekhan3437 6 ปีที่แล้ว

    She paid over the odds for a crap laptop now in debt lol.

  • @SabbathSOG
    @SabbathSOG 6 ปีที่แล้ว

    Better educated? You must be fucking kidding me.

  • @JN-ox2yd
    @JN-ox2yd 5 ปีที่แล้ว +1

    That's a very adorable baby.

  • @THEISAAC1593
    @THEISAAC1593 7 ปีที่แล้ว +1

    she just wasn't passionate enough about journalism

  • @iaindennis3321
    @iaindennis3321 7 ปีที่แล้ว +5

    Mass immigration has meant real pressure on both wages and housing.

    • @IllinoisTrafficAttorney
      @IllinoisTrafficAttorney 6 ปีที่แล้ว +6

      Keep blaming every day people for the problem. Nevermind that the rising rents are really a result of the financial collapse caused by banks that ripped off the public and created immense instability that forced many previous homeowners into the rental market greatly inflating rents (you can see this rather clearly if you look at rents over time). In my home town, rents went up about 30% in a few years because a bunch of baby boomers and gen x'ers with higher incomes flooded the rental market.

  • @Pravin_Yeshua_BTC
    @Pravin_Yeshua_BTC 5 ปีที่แล้ว

    Graphics & Colors 😂

  • @shobi_watchgrailclub6278
    @shobi_watchgrailclub6278 6 ปีที่แล้ว +1

    Her success story advise. "Find a Man with a job and get married whatever the cost if ur a shittenial"

  • @lonlyhousewife8685
    @lonlyhousewife8685 6 ปีที่แล้ว +1

    I was buried in 500k dollars in FASA, credit card and personal fun money trips around the world. Over half of my debt was interest fines fees, late penalties. Well now I'm 💯 percent debt Free. I found myself a wealthy married sugar daddy and he handled it for me. I will never borrow money ever again and actually don't need to because I have a good job with no bills thanks to my married sugar daddy. 😘💓 to all of you married sugar daddies.