Europe got hammered. You might as well take your money and give it away and become a slave. Non of you have a future. If you think we can meet all of our retirement benefits you are kidding yourself. Not going to happen. You will be lucky if your kids have decent schools to go to. As for college. I just finished sending my oldest to Grad school and my youngest to college. Total cost? You better sit down......300 k. Now I would like to see how that is going to work for the average student and the average family. 85 percent of America borrows it. I paid cash. When you sit down at your desk this morning. Think how are you going to do that trick and pay it off. Not going to happen folks. Now think of the job prospects lol. Nothing for them. We did a lousy job for them and for yourselves. You have nothing. It could of been different if you opened your mouths! Oh well. Another generation down the tubes
IDP, hold your horses dude,2 of my kids finished College one has his masters, I could not afford to pay their tuition they got loans and are employed, my youngest son didn't go to College but is a Journeyman Electrician...Their is always a way to make it if you are willing to sacrifice and put in the work...Yes this is a bad economy and some are more fortunate than others, but with the will their is always a way...Hope is a good thing we can't ever lose that or else we are doomed to believe what the talking heads tell us...I even enjoy red days it gets the brain a thinkin... Have a great day!!
Your children won't be able to pay back the loans. At 21 or 22 why should they be strapped to a desk or better yet paying on a loan until there kids go to college. I understand you had to chose the path you chose. I grew up with nothing. My kids understand they got lucky with their school but that is not the majority of America. The youth don't really have a chance. There will be no pensions for our generation. Unfortunately I am right 99.9% of the time. Just like my post. Kaboom!