The way to engender sympathy for millennials is not to mention that they major in “comparative politics” in the opening sentence.
When bills pile up, young people turn to strangers on Venmo
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Re: When bills pile up, young people turn to strangers on Venmo
#82What I don't understand is why people don't band together and simply refuse, collectively, to pay bills that are well known in the culture to be unreasonable. In particular, student loans. But also a few other things. My god, I know so many people who are struggling that it seems like everyone is struggling. I know people making six figures who are worried about losing their homes. In fact, I've known so many people…
First of all you are encouraging stealing, accept a loan and refuse to pay it back
Second you don’t want to pay it to spend the money one what life essentials
Third no one made you borrow no one made you enroll, you had a lot of other options accepting responsibility for your choice is a good thing
Lastly whom would you like to pay for your pick of university and your pick of courses
Re: When bills pile up, young people turn to strangers on Venmo
#83Earlier quoted context omitted.
Perhaps it could start with, yeah I don't need that unreasonable brand new car with a 72 month payment plan, or I can take these college courses for 1/10 the cost at a community college rather than a more unreasonable expensive school, or I don't need that unreasonable 5500 square foot McMansion in that fancy neighborhood, or I don't need that unreasonable 10th pair of jeans, that unreasonable new iphone, etc. People…
Surely you'd agree that there are people who are struggling financially that don't have a lease on a $40,000 car and a mortgage on a 6BR home. "Just don't buy expensive shit" isn't an option when rent is increasing faster than wages.
keep in mind, DiffEq is responding to a post that mentions people making six figures who are struggling to keep their homes.
there are certainly a lot of people out there who would be feeling the squeeze anywhere, but if you're making six figures and you're in danger of losing your home, you are probably doing something wrong. your house is too big, you live in the wrong place, or both.
right now I'm living pretty comfortably spending <$30k a year. I understand salaries and COL vary in different places, but most people who make six figures in an expensive area could certainly take a more humble job in a less expensive region and live a fine life.
Re: When bills pile up, young people turn to strangers on Venmo
#84Earlier quoted context omitted.
There are many who would argue that the willingness of a 18 year old to shoulder enormous financial responsibility to gain benefits largely denied to them by the way modern American society is constructed is not a real defense of the reasonableness of student loans.
Sure, but that opens up a lot of other difficult topics, all of which are very nuanced. If we're not going to consider 18 year old's adults, we need to re-visit the age limits on voting, military service, and other large financial contracts. In the end, it always comes down to (some degree of) personal responsibility. Just because the government (or your job, or your family, or some guy you met on the street) offers…
I disagree massively with your last point, on the manner by which someone ended up there being obvious. Our current children are being raised by parents who grew up in a very different time, and the world has never been more complex. The tradeoff isn’t as simple as an educated adult making a bad financial decision, it’s actual children taking on huge burdens with little to no guidance in complete accordance with what society is telling them to do to get ahead, cause thats what worked 30 years ago.
Re: When bills pile up, young people turn to strangers on Venmo
#85Earlier quoted context omitted.
I don't think there's such a thing as "millennial culture."
I'm sure people who fought in WW2 said that about the boomers, who in turn said it about the gen Xers. In 20 years time we'll be reminiscing about emoji and snap chat and hipsters and whatever the kids are doing now.
My point was about the usefulness of generational constructs as cultural boundaries, not "damn kids got no culture!". And according to sibling, I have "denouncements" to rebut. What a thread.
Re: When bills pile up, young people turn to strangers on Venmo
#86Earlier quoted context omitted.
Perhaps it could start with, yeah I don't need that unreasonable brand new car with a 72 month payment plan, or I can take these college courses for 1/10 the cost at a community college rather than a more unreasonable expensive school, or I don't need that unreasonable 5500 square foot McMansion in that fancy neighborhood, or I don't need that unreasonable 10th pair of jeans, that unreasonable new iphone, etc. People…
The people loaning them money bear some responsibility, also. If it’s obvious to you that it’s a bad loan it should be even more obvious to the bank, but they shield themselves from their poor decision making by wrapping the debt into instruments that they unload onto some other poor sucker.
certainly the banks fail to do their due diligence on a lot of these loans, but in some cases they are actually required by the government to issue them, even if it goes against their better judgment.
Re: When bills pile up, young people turn to strangers on Venmo
#87"millennial culture is just passing around the same $20 to whoever needs it at the time forever." I see this a lot on my Twitter feed. Recently, a guy with metabolic issues and chronic pain (whose own GoFundMe was "trending" for a while) is setting up a charity livestream for someone else's surgery. https://twitter.com/docsquiddy/status/1148022827917938695
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Re: When bills pile up, young people turn to strangers on Venmo
#88From what I've read, they turn to their parents first.
Re: When bills pile up, young people turn to strangers on Venmo
#89What I don't understand is why people don't band together and simply refuse, collectively, to pay bills that are well known in the culture to be unreasonable. In particular, student loans. But also a few other things. My god, I know so many people who are struggling that it seems like everyone is struggling. I know people making six figures who are worried about losing their homes. In fact, I've known so many people…
> In particular, student loans Only if we're also collectively telling people not to take them in the first place. The current culture telling everyone to go to expensive private colleges, then bitching that they're burdened with loans and not pay them, is pretty toxic. Its should be a multi step thing. - Tell people how bad student loans are and how they shouldn't take them if they don't have a plan to pay them back…
> The current culture telling everyone to go to expensive private colleges, then bitching that they're burdened with loans and not pay them, is pretty toxic.
These values aren't pushed by the same people.
The people telling everyone to go to college and take out the loans are the people enriched by the status quo.
The people telling everyone that this is bullshit are the ones who aren't. The people saying the latter are specifically trying to counter the former. There's no single monoculture that's pushing both ideas at the same time.
And pushing debt forgiveness as a policy to support is a pretty good step, in my mind, towards changing the incentives for the folks who are pushing and profiting the loans...
Re: When bills pile up, young people turn to strangers on Venmo
#90Earlier quoted context omitted.
Social media costs $0. Venmo costs $0. Internet access costs under $50/month, and is one of the most valuable purchases anyone can make in modern society.
The social media account costs $0. If you actually want to play at being a social media "influencer" online and reaching strangers to a non-trivial extent, you'll definitely be looking at some real costs.
How do you figure?