Short term rentals are EVEN MORE $$$$ than long term housing. I am talking of a safe place in a safe neighborhood, not Hotel California. If she's interning in a city where her parents do not live or where she isn't going to school, I don't think she'd be able to support herself on 5K/month if she's paying for housing, transportation (with insurance and gas and car payments which are through the roof now) and food. While I agree that there can be no entitlement, I don't see how it is possible for a young student to support herself via an internship position in a different city unless there's *some* help from the parents.
Student housing and intern housing are two different things. Students are not making a full income. But if she is pulling in 15k as an intern (presumably for 3 months) then she should have to spend that money on housing for the summer. I lived in the basement of a house with 5 other people in an iffy part of town as an intern, its part of life. She isn't entitled to live it up at the Hotel California as an intern.
I politely disagree. The way I see it, desk jobs can also be "outsourced" with more ease than the trades, including car mechanics. Google recently outsourced it's entire Python team to India and Mexico, so yeah, so I don't think "desk jobs" are safer than the trades.I doubt he will be ahead of his college peers for long, if they pick any halfway sensible degree they will make more than he does when they graduate with lots of room for income growth and promotion. Not to mention the fact that they will have desk jobs that won't leave them disabled by the time they retire.The exception seems to be the kids pursuing the trades. One boy I know is training to be an auto mechanic and details cars for a living. He nets a cool $75K/year which makes this "doable". However, he still lives at home, pays a small amount as rent, and splits 1/5th of the groceries + utilities, drives his mother's car around and pays 1/2 her insurance and all the gas. I think it's a sweet deal for him (and for his folks) and in 5 years, he'll be ahead of the "college grad" peers as his income takes off.
And the thing I've noticed with tradespeople is that if they have challenges making a living with one trade, they can jump to another. It may take a couple of years to make the transition, but they probably have the money to support themselves through the transition. This boy nets 75K *now*, at age 19. He earned roughly the same amount from his job detailing cars last year as well. Plus, there's no steep cost of tuition, books, dorm, etc. He likely saves at least 50K (net a year). In 4 years, when his college-educated peers are out and about in their first jobs, and probably have STUDENT LOANS to pay back and/or credit card debt on top, he'd have 200K, with most of it likely invested and with 4 years' experience under his belt. Only tech-bound college students who make it to top companies with RSUs make $$$$$. My neices (accounting and school teacher majors, respectively) do NOT net 75K each year and my daughter is also pursuing a business major (despite me suggesting she go for tech / cyber security).
BTW, I have had relatives in the trades. They usually make enough and / or vest their union pensions and quit in good / decent health. I've never had a relative DISABLED as a result of working a trade.
All this to say that while I agree with your opinion that kids should be expected to shoulder some of their expenses themselves, I don't agree that college educated folks make more than tradesmen or are "better off" in the long run than tradesmen.
Statistics: Posted by Zillions — Mon Jun 03, 2024 11:40 pm — Replies 89 — Views 5310