You’re not gonna believe this ridiculous story ( http://finance.yahoo.com/news/a-college-student-blows-inheritance-bert-show-205833329.html ).
A girl’s grandmother left her $90,000 to pay for her collidge eddication, so she can become a interllectural. Unfortunately, the coed is now out of money. She appeared on a Georgia radio talk show recently to schnorr for money and blame the whole thing on her mother, who, she said, should’ve taught her more about budgeting.
She’s going into her senior year and there ain’t no money left for the tuition. Seems she pissed it all away on various nonsensical capers, including a luxury trip to Europe.
If you read the news story (see the link above), be sure to notice that none of the interviewers asked this silly person what she was doing in college in the first place. No one asked her, “What’s your major?”
This is what happens when every ninny has to go to collidge. Ninety thousand smackers: she could’ve bought a house. By the way, she doesn’t want to work to make up for the shortfall. That, she said, would be embarrassing.
So we don’t know what she was there to study. Women’s Studies? Global Warming Studies? Basket weaving? All we know is, she poured ninety thousand bucks down the drain.
Higher education–hot dog!
Man, all the things I could do with 90 grand … It makes me mad to hear about people wasting an amount of money that I’ll probably never see all in one place in my life.
I would love to know what her major is, wouldn’t you?
I’m guessing its not economics.
Nuclear physics, maybe?
In the last week or so, I have seen more than one news story about the term “adulting” becoming fashionable. Apparently among the young, adulting refers to such things as paying our bills and living up to the basic responsibilities of life. Apparently, the children coming of age these days consider such acts of responsibility to be exceptional, at least on the part of anyone in their age group. If these stories present an accurate picture of what is going on, then we have raised a sorry lot in this age of privilege.
I recently heard about a retired fellow whom is paying for the homes of his offspring, even though the household incomes within those homes exceeds $200,000 per year. I can’t comprehend this on any level. Why would working adults not want to take responsibility for themselves. If I was in their situation, I’d be paying off that mortgage as fast as possible, but that isn’t about to happen in this case. I can only surmise that the income in those homes is dedicated to lavish recreation.
Beyond that, I can’t imagine just what the person paying for all of this would be thinking. Does he imagine that he’s doing his offspring a favor by making them into permanent dependents? How about the grandchildren in this scenario, awash in smartphones (paid for by grandpa) and clueless to the fact that this costs money. I sincerely doubt that I will ever be able to keep track of this particular situation, but I can’t imagine it ending well.
When a young adult paying their own bills by the due date has come to be seen as exceptional, I would hate to even begin to think of what is considered average. We may be in the biblical last days, No man can know to a certainty. If we are not, I shudder to think about where things will be in 10, 20 or 30 years. The culture we all knew growing up has all but become extinct.
I, too, know someone who is doing that–retired, kind of strapped for cash himself, paying the mortgage for his adult son’s house: P.S., the son has more money than his father.
From time to time my mother helped us out with specific things. But sheesh…
In my early twenties, I was pretty bold and bought new cars frequently, etc. My parents helped me out a few times, but I learned and became self sufficient and much less given to extravagance by my late twenties.
Apparently, there is some sort of disconnect from reality happening, because it would seem that a lot of younger people consider a home as a given and don’t feel that the cost of a home should interfere with their expensive vacations or their status-symbol automobiles. Why make a house payment when they can slough that off to a parent?
One thing that astounds me, is the levels of debt many people seem to assume. I live in a lower income area, but every day I see a lot of people driving cars which must cost them more per month than my home mortgage costs me. Do these people ever think beyond the next two weeks? I can’t imagine being comfortable with the car payments many people make. Beyond that, they trade often and have payments perpetually instead of paying off the loan and driving out the value of the car after the loan is satisfied.
Then there’s the mountain of credit card debt which seems to be all but ubiquitous. More than once, I’ve been ridiculed because I pay my credit cards in full every single month. Literally, I’ve been laughed at and told (in fawning, pathetic terms) that I have a simple little life and can’t imagine reality. In at least one of these cases, I was told this by someone that has never held a job for any length of time.
I’ve said it before and I’ll say it again, there is a disconnect from reality.
Julius Caesar, on his way up, saw to it that he owed lots of money to most of the influential people in Rome. That gave them an interest in keeping him alive.
Clever!