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Personal Finances / Living Below Your Means
|Subject: Don't do this....||Date: 2/23/2014 5:40 PM|
|Author: MissEdithKeeler||Number: 880363 of 896191|
I read these stories and just want to go "Nooooooooooooooooooooo!!"
Two years ago, she decided to start over completely, going back to school for a Masters degree in social work at Yeshiva University in New York. Today, Eichengreen now 60, is living off of student loans and says it’s unlikely that she’ll be able to pay off her $200,000 student debt, which includes what she borrowed for her first Masters studies in broadcast management.
“I don’t think social workers make much money so I’ll probably be dead before I pay that off,” she said.
Ok, so you're a trained legal secretary, with one apparently useless master's degree, so you decide to go back to school and get another master's degree in a subject that doesn't pay well--but she actually sounds kind of unsure about this--did she check the job outlook??
And the article goes on to say
And as a result of the recession, more and more workers over the age of 50 are ill-prepared for retirement and are doing whatever they can to get by.
I don't think this lady's issues are only the result of the recession....
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