Median income for Millennials across the U.S. - this may surprise you

Often not true. I never cared about previous experience (given the specific nature of the jobs involved makes that largely irrelevant). I cared about demonstrating innate skills, such as critical thinking, such that training costs were typically lower and creativity ultimately higher.

 

Gross exaggeration. Nobody "gave" them the money, they took it.

There was a failure of IRS oversight in the actual dealings of the banks, but this goes back to the oversight of Greenspan who fell into the mental-trap of, "Well, the economy is doing fine, so what's the problem".

The problem is never obvious. You have to go looking for it, and preferably before the it explodes.

And yes, this is easier said than done. The problem, I think, is always hiring people from the profession to be chairman in DC. From time to time it would be helpful if someone "without the blinders on" gets the job ...

 

You made that up.
It has nothing to do with the IRS

 

That is a load, my son makes twice and a half the stated income.

 

Do you have trouble with big words like median?

 

Do you have trouble with quoting correctly?

 

Do you have an issue with it?

 

there's much more to universities than science degrees...

the difference between successful thriving 1st world countries and 3rd world countries, universities...

 

Our universities are filled with inferior students that have no business in college, other than to generate revenue for the colleges and banks, driving up costs for legitimate students

 

and you know this how?...you don't you're just another unemployed resentful high school grad ...and your logic is completely wrong as to revenue for colleges, more students means lower costs...

 

Snicker snicker, you funny.

 

I luv it when I'm right

 

I bet

 

Let me help you

 

So you're saying colleges were able to jack up the price of tuition because there were so many students applying.

Also, part of the actual cost of tuition is subsidized by government and not reflected in the tuition price, so more students would also be expected to result in an increase in tuition rates. (i.e. less government funds per each student)

I'm also aware in California the UC system was jacking up its tuition to provide more scholarship funds for disadvantaged students and undocumented students who weren't born in the country. They didn't make it a secret trying to hide this.

 

getting funding.
Classic bubble, like housing

 

All I'm saying is your son's income isn't representative of what most Millennials in the country are earning.
I suspect where your son's job is the price of housing is quite a bit above what the average cost of housing is nation-wide, so that may be an indicator here.

We have an innate tendency to perceive reality only by what we see, what our direct experiences are. It can be difficult to relate to abstract statistics and figures.

 

The Median Income in the USA today is only $514 more than it was in the year 2000.You can verify this by clicking on the National Debt Clock Real Time available online.Today it is $31,892, IN 2000 IT WAS $31,378.​

 

And the median price of housing has increased by 58% during that time.

$119,600 in 2000
$188,900 as of January 2018
​

(If those home prices seem really low to you, it's probably because you live in an area where home prices are a lot higher than the nation-wide median, and as such the nation-wide median amount that most Millennials earn may also seem very low to you, compared to what you see in your area)

 

Where he lives housing is okay, NW Arkanslaw..

 

Well then I really can't argue with you. Thanks for sharing a more optimistic perspective here.

We might also keep in mind that only about 1 in 3 Millennials in the country actually have a college degree. Obviously your son is in the top third.

The median would be more like the middle third.

Some really bad stuff is going on in some regions of the country (like California or the Rust Belt region). Glad your son is living in a part of the country that isn't like that.

 

He never finished his degree, he is a truck driver.
I was a masonry contractor and was earning 75K in the 1990's through 2007.

 

THE MUNEY-MUNEY-MUNEY PROBLEM

I did not "make that up"; but I must thank you for questioning my answer.

So, I went looking for the culprit. And there were many, whereas I mentioned only the third one in the list above.

History of the Great Recession here: Causes of the Great Recession

Excerpt:

It's the fourth one in red that bothers me most. Because we can change old working methods to employ more rigorous new ones. But what we will find enormously difficult is to change the nation's wanton lust for money however it may be earned!

 

Who said "life is never linear"?

I just did ...

 

During that time-frame (2000 / 2019), the consumer price-index went from 175 to 250, an increase of 43% (or about 8% per year.). Which is on the high-side and borders on the exceptionally high.

But, no one in a place of responsibility was waving a red-flag. After all, people were "supposedly making good money in real-estate" and that's supposed to be "goodness" isn't? After all, you all believe in "free markets" don't you?

So, why complain? (Just ask, because I figure that's no way to run a country. Housing is one of humanity's foundational basic-necessities* ...)

*As shown here!