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When bills pile up, young people turn to strangers on Venmo

latimes.com

121–130 of 158 posts

Re: When bills pile up, young people turn to strangers on Venmo

#121

>>> "Children grow up aspiring to be Youtubers. Teenagers rake in thousands of dollars selling slime," No. They are not selling slime. They are selling themselves. Just like any hollywood starlet, they are marketing their youth and sex appeal. Customers buy a fantasy, a perceived connection with the attractive or famous person. If that makes the customer happy then that's great, but don't pretend that just anyone can…

You are aware there are many slime instagram accounts and channels that involve nothing but footage of their hands manipulating slime? I'm not sure what part of that involves being young and attractive.

Presumably they have attractive and youthful looking hands.

Re: When bills pile up, young people turn to strangers on Venmo

#122
post #102

Earlier quoted context omitted.

What's your definition of average? Because a $30k Mazda should not be average. It's way too expensive for most people. Also, you probably don't need one for each member of the family. A 3,500 sq ft house with granite countertops and hardwood flooring for 4 people should probably not be average either. With the exception of a few markets with very expensive land, we have a consumption problem. We have a keeping up wit…

I have spent a lot of time with a lot of families from wildly varied economic backgrounds. I'm not talking about people with brand new cars and 3,500 square foot houses (that would be a McMansion, I believe). I'm talking about Hondas and weather-worn Dodge pickups parked at a condo or a very modest house in a working class neighborhood. Sure, the keeping up with the Jones thing is happening with a lot of people. But…

I feel my 3300 sq ft house for me, 2 kids and a dog is reasonable. Even townhouses these days are huge. I consider McMansions to be excess of 4000 sq ft.

Re: When bills pile up, young people turn to strangers on Venmo

#123
post #95

Earlier quoted context omitted.

> 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…

Debt forgiveness punishes people who worked their ass off to pay their loans off. Every single person who took out a student loan consented to the terms of the loan. Why is it okay to just mindlessly take out a life ruining amount of money to pursue a degree in something of absolutely no marketable value to society? Why are taxpayers suddenly encouraging the continued subsidization of educations which have been prove…

> Debt forgiveness punishes people who worked their ass off to pay their loans off.

So we should just continue burdening people into the poorhouse (or worse)? I feel for everyone burdened by ridiculous student loans (I am one of those people), but I would gladly take on everyone else’s debt forever if it meant people could have their education and be debt-free. Should we talk about my friends who have to decide if they pay their rent or their student loans every month? Does your righteous indignation do anything to help them? “I suffered so you have to suffer too” is toxic; it’s basically frat hazing.

As for why it’s okay to take out a ruinous loan, I was 17, and I didn’t fucking know any better. Everyone told us to go to college or else we’d wind up destitute. And they were partially right, at least if you managed to get a “profitable” degree. My high school-educated friends have shitty service jobs and alcohol addiction now. I have loans, and I’d rather not, but at least I have any hope for a future. That’s more than I can say for a lot of my other friends.

> It is not morally justifiable to suddenly foist the collective horrible decision making of a generation onto the larger society.

That would be the Baby Boomers, right? Because I’m pretty sure they (and their parents) are the ones who all voted to end state funding for universities. They also voted for politicians with ties to the financial industry, so conveniently the same people making it necessary to take out loans are also shareholders of large financial institutions.

No, what’s morally indefensible is bankrupting someone for getting an education, and then berating them for making a bad decision when they were 17, a decision practically guaranteed by a rigged system. What’s also morally indefensible are the attitudes that this is someone their faults, because at the end of the day, we all still have student loans, and no amount of your pedestal-sitting is going to change that.

Re: When bills pile up, young people turn to strangers on Venmo

#124
post #102

Earlier quoted context omitted.

What's your definition of average? Because a $30k Mazda should not be average. It's way too expensive for most people. Also, you probably don't need one for each member of the family. A 3,500 sq ft house with granite countertops and hardwood flooring for 4 people should probably not be average either. With the exception of a few markets with very expensive land, we have a consumption problem. We have a keeping up wit…

I have spent a lot of time with a lot of families from wildly varied economic backgrounds. I'm not talking about people with brand new cars and 3,500 square foot houses (that would be a McMansion, I believe). I'm talking about Hondas and weather-worn Dodge pickups parked at a condo or a very modest house in a working class neighborhood. Sure, the keeping up with the Jones thing is happening with a lot of people. But…

But then, are some of these things really needed? I don't have a car, I have a basic smartphone, and old basic laptop, not much in terms of clothes, and I don't travel abroad for holidays (all this because I cannot afford something better without getting into debt) and I get by fine (and I'm 40). Most millenials have at least a car (even a cheap one) or nice phones with nice data plans, or clothes, or travel to nice places at least once a year. Most of their debt is self-chosen.

Re: When bills pile up, young people turn to strangers on Venmo

#125
post #95

Earlier quoted context omitted.

Debt forgiveness punishes people who worked their ass off to pay their loans off. Every single person who took out a student loan consented to the terms of the loan. Why is it okay to just mindlessly take out a life ruining amount of money to pursue a degree in something of absolutely no marketable value to society? Why are taxpayers suddenly encouraging the continued subsidization of educations which have been prove…

> Debt forgiveness punishes people who worked their ass off to pay their loans off. So we should just continue burdening people into the poorhouse (or worse)? I feel for everyone burdened by ridiculous student loans (I am one of those people), but I would gladly take on everyone else’s debt forever if it meant people could have their education and be debt-free. Should we talk about my friends who have to decide if th…

> that this is someone (I assume somehow) their faults

They certainly don't take zero blame, especially if it happened in the last decade. The student debt crisis has been front and center for a while now. If in the last few years someone did that, and they don't know any better, they're seriously living under a rock.

The system should change, and Im not even against forgiving debts because it might just be straight up better to do for society, but saying the people who take on those loans and sign at the bottom have zero responsibility? They turn 18 long before they're completely crushed with the debts, and if I was to tell an 18 years old that they can't make decisions they're responsible for, I'd get an earful.

Re: When bills pile up, young people turn to strangers on Venmo

#126
post #69

Earlier quoted context omitted.

Yup. Thats why I think all 3 of my points above need to happen at the same time. Working toward forgiving debts while still handing them out is counter productive. Only semi related, but I also take issue about how we got there in the first place. "Lets make college free!" "No, this is AMERICAH!~ People should pay for things!" "Ok, then lets give out loans! Gov will insure them, so its win win! People get to go to co…

I don't disagree with any of these points, just had a tangentially-related thought: wouldn't making college "free" be a forcing function to tighten admission criteria, further stratifying social classes? Schools can be a bit loose today since basically anyone with a pulse can get student loans. Just thinking out loud; I suspect looking at other countries who do this would be informative...

> be a forcing function to tighten admission criteria, further stratifying social classes

Thats why apprenticeships and trade schools need better marketing. The glorification of bachelor degrees is toxic.

Re: When bills pile up, young people turn to strangers on Venmo

#127
post #95

Earlier quoted context omitted.

> 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…

Debt forgiveness punishes people who worked their ass off to pay their loans off. Every single person who took out a student loan consented to the terms of the loan. Why is it okay to just mindlessly take out a life ruining amount of money to pursue a degree in something of absolutely no marketable value to society? Why are taxpayers suddenly encouraging the continued subsidization of educations which have been prove…

Treating degrees as only being useful if they teach a direct marketable skill is a shame, I think, but with how expensive it is now I understand why there’s a push towards it.

Re: When bills pile up, young people turn to strangers on Venmo

#128

Earlier quoted context omitted.

Student loans are not unreasonable. Rising education costs are unreasonable. But anyone who took on student loans did so willingly.

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.

There are lot's of other options than taking out massive loans. Community College for two years then transferring to a state school is still fairly affordable and won't impact the vast majority of individuals in post-college job searches/careers.

It's just a lot less fun than going to a Big 10 school or the big name school.

Re: When bills pile up, young people turn to strangers on Venmo

#129
post #125

Earlier quoted context omitted.

> Debt forgiveness punishes people who worked their ass off to pay their loans off. So we should just continue burdening people into the poorhouse (or worse)? I feel for everyone burdened by ridiculous student loans (I am one of those people), but I would gladly take on everyone else’s debt forever if it meant people could have their education and be debt-free. Should we talk about my friends who have to decide if th…

> that this is someone (I assume somehow) their faults They certainly don't take zero blame, especially if it happened in the last decade. The student debt crisis has been front and center for a while now. If in the last few years someone did that, and they don't know any better, they're seriously living under a rock. The system should change, and Im not even against forgiving debts because it might just be straight…

It’s about incentives. We were told in no uncertain terms that as a 17 year old making this life changing decision: do it, or be poor forever.

Now. I personally didn’t listen properly, dropped out after two years and did something else. But I don’t blame those who didn’t. Everything in modern middle class society and schooling was based around it.

So focusing on the individuals responsibility above and beyond that of the broken system that we have no choice but to join seems, well, cruel to me — even if I did personally follow your advice.

Re: When bills pile up, young people turn to strangers on Venmo

#130
post #15

"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

So we're getting rent parties back. Just without the party...

Well, that depends on how crazy the livestream gets.
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