"Generation Wait"; Percentage of Young Adults Moving Hits 50-Year Low

Quote from Bob111:


back in a day,while i was working for $3.5 an hour in a sweat shop and my wife babysitting at home we bough a keystone plan for low income families.it covers emergency room and 4 doctors visits per year for each member of the family. cost about 95$ a month.
worth imo every penny.isn't same s**t Obama was pushing?
the plans are out there and they cost LESS than his crap. problem is-
that those 40mil or whatever number who is uninsured don't f** care about it.. the people,who 'deserve' to be covered.they are either lazy or stupid or care less about it. what make those in DC think that they will buy their crap? they will NOT. that's why it's no working now. the website is not a problem.. have some ball to admit it,mr president..

http://finance.yahoo.com/news/hidden-impact-obamacare-economy-103000621.html

exactly what i told you. plans are outhere and they are far cheaper.

nice work Barry and Pelosi! you have to pass it,to see what's in it. here is what:

In Washington State, Obamacare will increase the underlying cost of individually purchased health insurance by 34-80 percent on average, according to Forbes.


not so fast..my relative fell into that group. guess what? they can't go out and buy a plan from exchange(forget about the subsidy). because their existing plan at work counted as 'affordable'

http://www.elitetrader.com/vb/showthread.php?s=&postid=3877508&highlight=plan#post3877508

from same yahoo article:
A piece in Saturday’s The New York Times tells the story of Doug and Ginger Chapman, ages 55 and 54, a middle class couple “sitting on the health care cliff.” Their annual income of around $100,000 a year makes them ineligible for a subsidy in New Hampshire (if they earned under $94,000, it would cut their costs by half). They have to replace their family insurance which includes the two of them and their two sons. The premium cost alone, not including any deductible is $1,000 a month, or 12 percent of their income.
 
Quote from Bob111:

Thomas Peterffy - Freedom To Succeed

he explains our current path in first 35 seconds. the problem is that i see no end of it..

http://www.youtube.com/watch?v=N2QtDExs6lM

i'm from socialist country too and i know exactly why we have generation 'wait'.

As I see it, there are two obstacles:

1. hierarchical organizations. There are only so many CEO positions in the world. Thousands of poor employees who are competent but can't get paid without becoming a VP. Not enough slots, despite proven competency.
2. baby boomers. Baby boomers want to retire and are filling all highly-compensated positions.

My solution is called "Project-Based Compensation". Sharing the profits with all members of the team. However, getting a CEO to give up part of his bonus is near impossible. Greed.
 
Quote from FireWalker:

".. Not enough slots, despite proven competency.

How about, "make yourself MORE competent, and a slot will find you." THAT'S the American way.
 
Quote from Scataphagos:

How about, "make yourself MORE competent, and a slot will find you." THAT'S the American way.

you probably have me on ignore. I will say that if you are in a big school ( Ivy Leagues, Big 10 schools, even SEC schools like UF,Auburn,UGA.) even though the SEC schools are not even close to the academic level of the Ivys, they still allow you to get into the ole boys network and cop a job making 60k starting out provided you major in something useful.

The reason everyone is crying about the uselessness of a college degree is because when you go to a school like UT San Antonio, UT El paso, Lamar (i'm a Texan). Basically BS schools, you basically take on a load of debt and when you get out its a coin flip if you can find a decent paying job.

My friend works in a HR department of Poly-America (trash bags company). They toss 20 to 50 resumes in the bin every day.....and they still have 50-100 to choose from for each position.

Now if you knew someone working in the company.......u might have a chance :D
 
Quote from cmb:

you probably have me on ignore. I will say that if you are in a big school ( Ivy Leagues, Big 10 schools, even SEC schools like UF,Auburn,UGA.) even though the SEC schools are not even close to the academic level of the Ivys, they still allow you to get into the ole boys network and cop a job making 60k starting out provided you major in something useful.

The reason everyone is crying about the uselessness of a college degree is because when you go to a school like UT San Antonio, UT El paso, Lamar (i'm a Texan). Basically BS schools, you basically take on a load of debt and when you get out its a coin flip if you can find a decent paying job.

My friend works in a HR department of Poly-America (trash bags company). They toss 20 to 50 resumes in the bin every day.....and they still have 50-100 to choose from for each position.

Now if you knew someone working in the company.......u might have a chance :D

Yes, it's totally different today than it was 15-20 years ago for those coming out of college. With that said, it's still the responsibility of the student (and their parents), to not rack up a huge pile of debt for a degree that has low earning potential and hiring prospects.
 
Quote from clacy:

Yes, it's totally different today than it was 15-20 years ago for those coming out of college. With that said, it's still the responsibility of the student (and their parents), to not rack up a huge pile of debt for a degree that has low earning potential and hiring prospects.

+1. problem is-it's a nearly impossible to avoid that huge pile of debt at current price levels. the system is neatly designed to extract as much money as possible from the student and to keep him as long as possible in the college.
in many fields if you spend first two years in community college (to save money) and then transfer to a better college-many of your credits won't be accepted! you have to start all over again.
in every college you have to go (and pay) for s** that doesn't make any sense or not related to the field you are into. geography,history,english(ok,i can understand this one-you have to know how to properly express yourself)-all that crap. my son(for example) having A+ on those from high school. yet he have to take it again again and again in the college. why he can't just take a test and if he pass-get rid of it? nope..
 
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