Nah, man; you’re completely wrong here.

Every federally backed student loan since 2010 has been give directly from the federal government. There is no ‘industry’ anymore. You’re operating on flawed understanding of how student loans work in the modern era.

Most of these aren’t plans at all, but typical political mumbo-jumbo.

If you have 100k in student debt you did it wrong. You deserve all your pain and suffering at that point.

The tire in question is a rather low 35-profile tire, 235/35/20 to be exact. It is yet-lower profile than the 195/40/17 that blew on the VW I was charge with.

and doubly aware that the bank, your credit card company, your student loan servicer, etc., aren’t there to help you.

“A depreciating asset” is a dumb way to look at a car. Depletion is a better accounting concept. In return for the diminishing value, you extract valuable transportation in return (plus all the non-tangible things about cars) - just like digging ore out of the ground. And a car is not worth “nothing” for a very long…

Raising wages doesn’t necessarily help. Seattle implemented a $15 minimum wage a few years back, which resulted in minimum-wage workers taking home an average of $125/mo less thanks to layoffs and reduced hours.

1.25 million is actually very easy for someone at the median to save with some discipline and 3-4 decades.

As evidenced by the recent kerfuffle over smaller tax returns even though their pay went up, most people simply don’t understand taxes and how they work.

If you want to just throw around fanciful numbers, then sure. It’s just pie in the sky. $0 deductible, $0 co-pay, sure why not!

Why do black Americans only get reparations?

I’m sorry, after watching the fucking horrific financial decisions made by “average Americans” the past decade or two, there’s no way I can put all of this on flat wage growth. I just can’t. If you can only afford a $20k car, you should only be buying a $20k car. And guess what, there are PLENTY of cars available for…

It really depends on how well you save up to that point. An aggressive saver who accumulates a healthy nest egg by the time they retire might be happiest with little to no risk assuming they built enough enough cash to last for a lengthy retirement. 

What’s funny is that there’s an entirely opposite argument for “fairness” that he could be making. If someone makes more money, isn’t it sort of unfair that they’d have to pay more just for being successful? Of course, that’s assuming this wealth was accumulated through legal/ethical/moral means, or at least in no…

I wonder if people are just comparing their refunds from last year to this year, and not taking into account that fewer taxes were taken out of their paychecks during 2018.

I agree with your larger point, but if you’re saving $100K/year, even at a modest 7% rate of return, you’ll hit your goal of $10M in less than 30 years.

Couple problems here. Just because a private lender wasn’t willing to provide the loan doesn’t mean that the canadian government did so out of the kindness of their hearts. Canadian government was just the only player in a position where they could lose revenue (taxes in this case) as a result of GM going under. A 0%…

One more tip, stop pissing away your money on new cars and car loans.

“Good debt, like a mortgage or car loan, will typically help your credit score because it is secured by something tangible, while bad debt, like credit card debt, will harm your credit score because it is not.”