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Comment Please, someone help me think... (Score 1) 100

What is the opinion that I should form based on my 30 seconds worth of media spoonfeeding today?

A) Pollution is bad, so we should throw money at researchers looking into it, as proven by this unbiased paper in the journal Frontiers of Environmental Science
B) Pollution used to be worse, so efforts in the last 25-50 years to reduce heavy metal use in plastics manufacturing are paying off. We should fund future research to ensure this trend continues,

-or-

C) Lake Geneva, surrounded by active civilization but "pristine" because there are mountains around it, has pollutants in it which will either tend to stay there and/or flow with the water to other places. We should probably fund some more research to know exactly how that works.

Comment Re:Who did they talk to? (Score 1) 557

I am a Gen-Xer at 49 and I don't expect to retire at all. I have had my retirement savings via a 401K decimated twice due to massive losses when the dot-com and housing bubbles burst. I was unemployed for a year in 2009 and had temporary jobs until 2012 when I finally got a permanent job. In those 5 years I have saved $400K by scrimping. I am dreading the day there is another recession and I see that money halved.

If you're able to save $80k/year ($400k/5 years) and you are having trouble figuring out how to become a millionaire, it would be worth your time and money to seek out better financial advice.

Comment Re:That kind of pricing makes no sense. (Score 1) 374

Quite honestly if someone at 18 could borrow a 1/2 million I would probably be better advice to lever in on capital investing in the form of stock portfolio than for education.

This is very insightful. We do our young people such a disservice with ideas like "college is always worth it, no matter the cost" and "follow your dreams and get any degree you like".

Before allowing a teenager who has never balanced a checkbook or is able to handle the monthly commitment of renting an apartment to rack up 5- or 6-figure debt, we should be requiring some level of financial education, especially with a focus to cost/benefit analysis and budgeting.

If mom and dad can't afford $500k for college, we should not be handing blank checks out to junior to spend any way they see fit on college, especially given the current trends to force the public to pick up the tab on defaulted or forgiven student loans.

Comment Re:Worth Every Penny... (Score 1) 374

Not all colleges cost $500,000. In-state public colleges are still a good deal and worth the money.

Right now, yes, most colleges don't cost $500,000. The article is projecting ahead 18 years. Saying they are a "good deal and worth the money" is highly subjective; some academic tracks might be worth the money, but many are not.

Comment Re:Worth Every Penny... (Score 1) 374

...If you go to college for the right reason (knowledge).

If you're going there for a job, you're in the wrong place. If you're going there for money, you're REALLY in the wrong place.

Guess what institution has the highest publicly paid individuals in every single state? Keep using college for something other than education, and they'll keep using YOU.

That's all well and good, for those who can afford to attend for the quest of knowledge. Before the GI bill got involved as the thin end of the wedge, college was for those whose families could afford it, and those who couldn't just didn't go to college. Only the rich could afford to pursue becoming a "well-rounded" individual with a liberal-arts approach.

I would argue exactly the opposite to your statement: that the only reason to attend college today is to qualify for a profession. If you can't see a real future career track as the potential payoff of your expected degree and your family is not independently wealthy, then attending college is a bad investment of your time and money.

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