The Motley Fool Discussion Boards

Previous Page

Investment Analysis Clubs / Macro Economic Trends and Risks


Subject:  Re: Economic Success Date:  12/9/2019  7:53 AM
Author:  telegraph Number:  573211 of 603050

"How many of those jobs pay enough to rent an apartment in a large city, buy an unsubsidized health insurance plan, or send a kid to college?"

'Most' of the jobs in the past weren't enough to 'afford' an apartment in a large city which is why folks moved out of the cities. Besides, not everyone lives in a 'large city'.

If you are lower income earning, you'll likely get a free ride to college.

You mean factory workers of the 1880s, 1910s, 1930s lived well and sent their kids to college? There wasn't much modern medicine to afford....or even medicines...or expensive operations...... heart bypass in 1950? nope. Hip replacement? nope.

People lived six or 8 to a one or two bedroom apartment sharing expenses.

Heck, even 20 years ago, my niece, with college degree in hand, worked in NYC city. Lived in Brooklyn with a room mate since rents were so high everywhere there. So? Had health insurance through work. Worked for MTV in video production. Got married to lawyer type and happily lives in DC area (actually in DC) with two kids now - SAHM). Healthcare through work.

Copyright 1996-2020 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us