Today’s rising generation earns 20 percent less than their parents did at their age, despite being better-educated and more productive. T
This is scary considering about 40% of millennials have a bachelors degree, compared to 25% of boomers. This may ultimately slow long-term growth. This will have a direct impact on the purchase of homes, marriages and retirement. This will have a domino effect on future generations, halting that progressiveness that Lakoff discussed.
A 2017 study from the Economic Policy Institute found the earnings gap between college graduates and those who just graduated from high school is at its highest point ever.
Would like to better understand this study and its parameters. In saying that, it's pretty comprehensible that this would be the case; however, I would also like to understand other contributing factors- are we measuring apples to apples? For example, many times, we find the most vulnerable, low-income populations not attending college. We find those that suffer disabilities or health issues are less likely to attend high school. So is it the impact of not attending college that widens this income gap or could be these other extraneous factors, that although related, may not prove causation.
free
Nothing is free. Someone is paying for this.
58 percent of Americans
Who makes up this 58%? It could very well be anyone of college-going age. It could also include anyone still impacted by paying off loans (anyone up to age 40), any any parents. Is it republicans or democrats? I would like to know more about the composition of this 58%.
Sen. Bernie Sanders has taken the idea of forgiving student debt and making college attendance free to the mainstream
This is an interesting concept and is an example of Lakoff's depiction of progressiveness in policy and procedure over time. This is another example of advocating for American freedom but at what cost? Who will then be paying these universities? Who will be paying for the upkeep of these institutions, the resources, staff compensation? If it's taxpayers, does it defeat the initial purpose?
Yet debt relief would make an enormous impact, and much sooner.
It's clear that something needs to be done to the education system to make it MAKE SENSE. However, I am not convinced by some of the studies and statements here and more information is needed. I am also not convinced that taxing 401k's is a move towards individual freedom and progressiveness. I also wonder how it works for those that worked their way through college to pay tuition real-time.
Investing in debt relief for students would have an enormously beneficial democratizing effect for young people and median earners. It would also be beneficial for the broader societ
But how do we do this? Do we limit the amount of degrees available? Get rid of the ones that yield little to no income jobs? What about make more opportunities available that really do not require a bachelors degree? Bernie discusses taxing the bonds/stocks involved in 401k retirement funds. Is this taxation counterproductive to people's right to save and retire, to progressiveness?
Meanwhile, college tuition has risen six times faster than inflation since 1970. Without a significant change to the public policies creating this dynamic, young people — as well as the rest of us — are screwed.
Although many can argue that the student debt is the students; this massive volume of debt causes a ripple effect of economic restraint for the rest of the population. Should education to be a right and a freedom? Why has college tuition risen so much faster than inflation? Could it be that the opportunities awarded by certain degrees are scarce or low paying (degrees in ancillary fields)? Could it be that the more degree-holders there are, the less the value?
In the wealthiest country in the world, you shouldn’t have to take on tens of thousands of dollars of debt just to start your working life. There’s more than enough wealth in this country to support free or affordable higher education for all — it’s just concentrating into fewer and fewer hands at a dizzying rate.
One could say the same about healthcare. It comes down to the key question is healthcare/education a right? One could argue education is a choice, but is it? Our societal constructs limit opportunities without the golden ticket a degree affords. This could have a direct impact on actual and current rights.
This could explain why anxiety and depression rates are so high among young people today.
This seems like a bit of a jump. Although it could potentially be a factor, I think the rise in anxiety and depression has many other contributors. The removal of the taboo around therapy for example has been shown to be a key factor. Surprised to see this opinion statement so casually embedded in this article.
Trump pledged to protect Medicare and Medicaid, but his 2020 budget calls for major spending cuts
The Title automatically frames the budget proposal in a negative light.
New York State Partnership for Long-Term Care
NYSPLTC allows residents who own a LTC Insurance policy to still protect their assets and still remain eligible for Medicaid if their care exceeds the period covered by their private LTC Insurance policy.
ut are a few hours of help a day truly what an elderly person needs to keep functioning? Dr. Leslie Libow, chief of medical services at the Jewish Home and Hospital for the Aged in New York, described the needs of two recent patients.
This seems meager but completely relative.
They may be of less use than you expect, unless you have some family backup, too.''
It wouldn't be until 2000 that Americans Act Caregiver Program established, authorizing grants to states to fund a range of supports that assist family and informal caregivers to care for their loved ones at home.
strict criteria must be met before such help is provided.
and the criteria is only getting stricter as costs grow higher.
And truly comprehensive coverage often exceeds a family's ability to pay.
It seems this very issue has been an issue for decades and the gap is only growing especially with the today's proposed budget cuts.
A typical policy for a healthy 65-year-old cost about $3,000 a year.
This is 1996. Now, costs may be upward of 6k annually.
Health Insurance Association
The purpose of the HIP is to advocate for a more advanced, private-public health care system that promotes consumer choice, product flexibility and innovation.
frightened by the prospect of entering a nursing home,
This is alarming as well- why do nursing homes have this negative perception/reputation? Clearly work needs to be done on this front as well.
This is a powerful tool to learn!