Sign of The Times...

I just read this article and it absolutly killed me. Very depressing. Must say that I'm not shocked that things have deteriorated to this level, but I don't know how things are going to change.

You have individuals in the $35,000 per year range going to food lines just to make it by. Just stop for a second and take that all in. Did it settle? Wait, it'll get worse. I'm going to go ahead and assume that at least a few of these people either have college educations or several years of job experience. Yes, that education and experience has helped them make it all the way to food lines and pantries.

So, how scared am I for many of the people that are going to come into these situations during my lifetime? Very. As more and more situations like this develop the cycle begins to perpetuate. Educated individuals see these situations arise and the advice they push off on the youth of today and their children becomes more irrelevant. "Go to college, get degree, work your ass of for a big company, be loyal, seek job security..." The list goes on and on. Please pause for a second and think about all of it.

The workforce is already becoming saturated with degree bearing individuals, who are also armed with an average of about $20,000 in student loan debt. What goes through their minds as they get nailed from behind in the corporate world? "I need to further my education and get more high level certifications to be competitive in the job market." What kind of advise do you expect these individuals to give their children? Consider that 25 is average age for American women to become pregnant for the first time (US Census 2006)...

So only 3 years after graduating with a degree that doesn't mean as much as it used to, buried in debt, fighting for competitive wages, there is now another mouth to feed. What do you think that individual will suggest to their child in regard to education goals?

Now, more than ever, there is ample evidence that you need to be responsible for your financial future. College and the corporate world are no longer the universal answer. I think that we are going to have to push forward in order to go backward in term of the history of economics. What I mean by this is a mass economic model based on entrepreneurship on a grand scale. I will explore this in the next couple days. Thanks for reading.

Chuck Boobs
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