Stark wrote:I think mixing up the issues was bad for everyone. I don't have a lot of sympathy for university hobbyists who get non- or barely-functional degrees either (but then I can barely imagine doing so in the US where univesity is such an investment), but at least in AU being able to tick 'has tertiary qualification' does have SOME value, as many roles simply filter out non-graduates.
One of the problems is that in the US
most decent jobs filter out non-graduates. So even a "barely functional" degree not only has value, it's almost
mandatory if you want to be middle class.
Back when I went to college student debt was at least an order of magnitude less than it is today. The credit/loan industry at some point saw an opportunity in naive college students and started convincing them to take huge loans, and this was combined with an enormous rise in college tuition which soaks up the loan money. The amount I paid for my entire degree today would only buy a semester or two of college. The housing bubble has enormously inflated housing costs. Wages in some areas have, when adjusted for inflation, actually
fallen these past 25 years.
The result was that when I left college (yes, with an art degree) I was able to get a job, and apartment (1 room studio), buy food, AND pay off my debts. Kids coming out of college today face starting wages only minimally higher than what I got, but are paying 4-5 times as much for housing and carrying 10 times the debt load. Thus, comparing their situation to the one I face at graduation is apples to oranges. Oh, additionally - I, too, graduated into a recession, but again, THIS recession is enormously more of a problem.
Unquestionably today's new college graduate is in a MUCH more difficult position than I was at the same age. Anyone who won't admit that has their head up their ass. In the US, with it's shit safety net, that leaves only a few alternatives:
- Become homeless
- Acquire as many roommates as possible and deal with the issues of communal living
- Live with family
Sorry, that's it. Pick one of the above.
That said, in AU it's not the huge investment it is in the US, so the scene is probably different.
As I said - a generation ago college was expensive, but one could realistically handle the expense, even if your family wasn't especially wealthy. A lot of people were able to get through it by working their asses off and graduated with either no debt or debt that could actually be handled on a $9-10/hour job with housing costs that were significantly lower. The current situation in untenable.
What Bass says is interesting; while my parents would have been fine to let me stay with them, I personally couldn't imagine doing so without contributing to the upkeep of the household. I think that's the real element of 'growing up' or 'independence'; being able to pay your own way. Buying a house is a big stretch for a lot of people, but staying at home isn't a way to avoid paying anything.
That's the key thing - contributing as an adult member of the household. When one of my sisters left college and came home to live the family again for awhile she entirely took care of her own expenses (transportation, etc.), paid a portion of the rent, and a portion of the food costs for the entire household. She had a job, she wasn't sitting around all day. In other words, she was conducting herself
as an adult.
If I had an adult child in these times I would prefer them to be financially independent and on their own, but I wouldn't kick them out if they were having problems. I
would expect them to contribute to the household - that means paying towards household expenses like housing costs, food, and utilities; if they don't have a job they must spend significant time each day looking for one; and they need to do a share of the household chores (cooking, cleaning, laundry, trash removal, etc.). They are no longer a child they are an
adult and need to assume the responsibilities of an adult regardless of their financial circumstances.