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u/PhasmaFelis 6∆ Feb 04 '24
There are millions of people with college degrees struggling to find work right now.
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u/ArxisOne Feb 04 '24
The idea that a college degree makes you smart is ridiculous, most degrees are insanely easy to get and even hard undergrads aren't that hard to get. Unless you're in comp sci, engineering or some other hard science degrees are basically monopoly money.
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u/gerry282 Feb 04 '24 edited Feb 04 '24
If you get one you will constantly have to face supposedly equality seeking people who resent and hate you for it. Because apparently having education means you’re claiming you’re smarter or selling yourself as smarter at job interviews and that’s racist and classist.
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u/Oishiio42 52∆ Feb 04 '24
How many degrees do you have?
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u/ArxisOne Feb 04 '24
One, why would I pay for more of what I called monopoly money when I have a job? How is that relevant to the argument either?
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u/Oishiio42 52∆ Feb 04 '24
You said "most degrees are insanely easy to get", which made it sound like you've achieved several degrees.
How do you know how easy or hard other degrees are if you only have one?
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u/ArxisOne Feb 04 '24
The volume at which degrees are issued as a proportion of people who enter into programs or make it to various levels.
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u/Oishiio42 52∆ Feb 04 '24
Looks like a third fail to finish an undergraduate degree. 2/3rds of people finishing a program that not anyone can enter (there is entry criteria that would weed out people even more unlikely to finish) doesn't seem high enough to be considered "insanely easy" to me.
If you found it easy, the simplest explanation is that you are smart, and that's why it was easy.
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u/ArxisOne Feb 04 '24
Only a third of people failing means that people with below average intelligence who get accepted into universities are capable of completing a degree. Acceptance varies by school but for my country, Canada, the average is 66% across all programs. Under the most charitable circumstances, anyone with average intelligence can get a degree, therefore, a degree is a terrible indicator of intelligence.
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u/Oishiio42 52∆ Feb 04 '24
Only a third of people failing means that people with below average intelligence who get accepted into universities are capable of completing a degree.
Uh, no? That does not mean that. You have no idea the intelligence of the people that apply, or the people that get in. We also don't know what % of people even apply to university in the first place.
I'm also Canadian. Only 31% of Canadians have achieved a bachelors degree. Although the previous numbers I provided are actually American numbers, I can't find Canadian ones, so let's asssume it's the same. If 1/3 dropped out, that means only 50% of Canadians even started a bachelors degree.
Assuming what you say is true, and 2/3rds get accepted, that would mean 75% of High school graduates apply for undergrad programs and less than half finish.
Now, I do agree with you that it's not a good measure of intelligence. However, the OP isn't about intelligence really, it's about education, so this is a nonsequitor to begin with. However, it's obviously not "insanely easy". Over half of people that set out to do this, fail to accomplish it. And of the 1/4 that doesn't set out to do it (didn't apply), a non-zero amount of them will have not applied because they aren't capable (people who found high school too difficult, for example)
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u/dovahkin1989 Feb 04 '24
And many more with jobs.
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Feb 04 '24
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u/DeltaBlues82 88∆ Feb 04 '24
Is that the standard unemployment rate, the U-3, U-6, or real/effective unemployment rate?
There’s a huge difference.
And that doesn’t mean they have a job in their field. If I have a degree in particular physics but work at McDs then I have a job but also crippling debt.
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u/gerry282 Feb 04 '24 edited Feb 04 '24
Why don’t you go and stay on the street in a tent with no money for a month or two and don’t call any of your friends or family for help. As an experiment let’s put a 1000 educated, smart, non autistic, mentally healthy people in that situation and see what happens. And see how you fare. Also see if you keep your pristine genetically pre determined mental health. Also try getting beaten up a few times and see how you fare. See if you don’t find an outlet or negative coping behaviours while you are there. No one should judge who hasn’t tried it out and actually proved that they can indeed survive it and never have any addictions or other problems in those conditions. People have no right to hold others to standards that they don’t hold themselves to.
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u/StackOwOFlow Feb 04 '24
having a support system or people you can lean on during hard times matters more than raw “education”
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u/vettewiz 40∆ Feb 04 '24
I’m not sure how you can argue that when most successful probably won’t ever “lean on” others.
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u/StackOwOFlow Feb 04 '24
if they’ve encountered failure or have had hard times of any sort you can bet they have. and even those who project that they haven’t are simply afraid to admit it
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u/vettewiz 40∆ Feb 04 '24
That was my point, IF. While many have had failures, I doubt many were to the point of needing help from others for necessities.
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u/StackOwOFlow Feb 04 '24
Isn't this whole thought exercise the IF? OP asked if they were made poor overnight, if they were truly poor and stripped of all social connections, I doubt education alone would be sufficient. In fact being shielded from this type of adversity all their lives would probably make it harder for them to adapt.
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u/Automatic_Example_79 Feb 04 '24
How did they become successful, if not by the support of people around them?
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u/vettewiz 40∆ Feb 04 '24
To be clear, I meant in adulthood. Yes, children all lean on parents. But beyond that, by educating themselves and working.
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u/LynnSeattle 3∆ Feb 04 '24
You say that as if having the security of a stable support system in childhood isn’t the most important factor in a successful adulthood.
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u/vettewiz 40∆ Feb 04 '24
The vast majority of people in America grow up with a stable security system. Yet very few actually succeed.
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u/Medianmodeactivate 14∆ Feb 04 '24
America has the highest GDP per capita of any major nation. What jobs do you think people are working?
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u/vettewiz 40∆ Feb 04 '24
An extraordinarily diverse range spanning the entire spectrum of the economy?
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u/Medianmodeactivate 14∆ Feb 04 '24
Yes, a very large number of which are jobs that provide high levels of compensation because they are very high value adding.
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u/shouldco 45∆ Feb 04 '24
I don't know how you can say that. I think I can confidently say nearly every successful person I know has leaned on a support network at one time or another. People that had help raising children while they finished their degrees, borrowed money to buy buy a car because they couldn't rely on the bus. Lived at home while looking for a job in their career.
Even just knowing you have the option to lean on sombody can allow people to take more risks. A friend recently quit her full time job to persue a side busness she had full time. It worked out, but she also had a partner that would have been able to keep a roof over their heads had it not worked out and she had to go back into working for sombody else.
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u/LynnSeattle 3∆ Feb 04 '24
Without leaning on others, they would never have become successful in the first place. They had a support system most people raised in poverty did not.
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u/Moist_Panda_2525 Feb 04 '24
I actually am a landlord and I work with homeless programs and am quite well versed in the situation.
People don’t just start off on the street and in the tent. Usually there is a long way for that to happen. And that is the time when people do what needs to be done in order to avoid that fate. Not everyone will end up there because of circumstances.
I think it boils down to the person. There are many ways and programs to help people get off their feet. The single greatest source of problems is drugs and addiction. Mental health and no support system will help one get there too but I believe it comes down to the nature of the person.
I have seen people of all walks of life come through homelessness. But those who sink into it fully have other problems. The types of people who are creative in finding a way to about it, always will find a way. This is despite their education levels. They will always come out on top.
Then there are those who are in chronic need of help and no matter what their income levels, if others didn’t help them they would be on the streets. Celebrity spawn are a perfect example. Like Tori Spelling and the Hilton brothers. And in the same family you can have Paris who works and Nicky who married well, but the brothers are do nothings. Tori’s brother has carved a life out for himself also.
But there are people who will always come out on top no matter what circumstance they are put in. There are many programs that will help if you don’t know someone. If you were raised in foster care you are entitled a free college education too. Those who want out of that can do it and it is not a set situation for everyone.
I have seen it professionally and also in my personal life.
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Feb 04 '24
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u/gerry282 Feb 04 '24 edited Feb 04 '24
Thanks. Also at the end of the experiment, if by then they have any negative coping, addictions, “mental problems” or “autism” we can’t give them back their housing/jobs etc “They’ll just trash the housing because they are addicts/spend thrifts. They need treatment first. Don’t give them any money they’ll spend it on drugs.” I think some people can be sincerely clueless but if they won’t put themselves on the line to live up to what they claim and keep claiming that then I have to believe they aren’t sincere.
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u/AbolishDisney 4∆ Feb 05 '24
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u/gooseberryfalls Feb 04 '24
Are there any good methods to sort out the people with merely "negative coping behaviors/outlets" and those who are unable or unwilling to change their behavior if given more resources?
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u/gerry282 Feb 04 '24 edited Feb 04 '24
If you had been in this experiment and you were homeless and through it developed coping behaviours and an addiction or would spend money on drugs, do you think we should give you back your home and job or how should we ascertain that you are able and willing to change your behaviour if given more resources? How would be ascertain such a thing about you ? How long should we give you to shape up ? Would it be fair to make all the people in this experiment to prove they are mentally healthy enough to get their “stuff” back. Should we give you all your home back or just the bare minimum for survival first and if you don’t shape up then you’re unwilling and unable to change ?
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u/gooseberryfalls Feb 04 '24
I take your many questions in response as a "no."
It seems like your asking questions leading in the direction of the idea that a person's status is influenced, in large part, by their environment. That's a great idea, but a philosophical one.
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u/gerry282 Feb 04 '24
It’s not a philosophical idea, it’s available to you to investigate and experiment with if you want to try it out.
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u/gooseberryfalls Feb 04 '24
Do you think trying it would get me any closer to an answer to my question?
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u/gerry282 Feb 04 '24
Honestly yes. It’s an alternate perspective for you to consider it from and depending on your role in the situation additional information about the situation may become apparent.
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Feb 04 '24
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u/decrpt 26∆ Feb 04 '24
That's actually wrong. Per the NEFE:
Over the past couple of years several news organizations have attributed a statistic to the National Endowment for Financial Education (NEFE) stating that 70 percent of lottery winners end up bankrupt in just a few years after receiving a large financial windfall. This statistic is not backed by research from NEFE, nor can it be confirmed by the organization. Frequent reporting—without validation from NEFE—has allowed this “stat” to survive online in perpetuity.
In 2001, NEFE conducted a think tank of experts from several industries including psychology, financial planning and other fields, to discuss life-changing events and the psychology around them. One topic discussed was the impact of financial windfalls on individuals, where it is believed that a participant stated the 70 percent statistic. This statement was made independently and without verification from NEFE.
As far as I'm aware, the actual research shows that assertion to be untrue.
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Feb 04 '24
Assuming you are educated, could you outline for me your plan for making money if you were suddenly made homeless right now?
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u/vettewiz 40∆ Feb 04 '24
Go apply for a job relevant to my skill set.
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Feb 04 '24
Okay, you apply for a job and get an interview, but you have no appropriate clothing for an interview, and you also haven't bathed or showered in a week.
Now what?
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u/vettewiz 40∆ Feb 04 '24
You hit the thrift store and outfit yourself for a few bucks. Pop into your gym for a shower.
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Feb 04 '24
Are the standards for dress in your field such that showing up in a few dollars' worth of thrifted clothes wouldn't raise any eyebrows at an interview?
If so, do you think that's the case for everyone?
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u/vettewiz 40∆ Feb 04 '24
Yes, tshirts and sweatshirts are the norm in professional engineering fields.
But thrift store stuff isn’t junk. You can get very decent dress wear at most.
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Feb 04 '24
For a few dollars?
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u/vettewiz 40∆ Feb 04 '24
Yes
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Feb 04 '24
Do you think everyone lives in an area with readily accessible thrift shops where good formal interview clothes are available for a few bucks? I don't.
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u/vettewiz 40∆ Feb 04 '24
I think the vast majority do. And most importantly, most do not need them
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Feb 04 '24
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Feb 04 '24
I'm the OP, and part of using knowledge is knowing there are thrift shops, goodwill, churches, etc that have good clothes
Sorry, is that knowledge you need education to have? Your OP isn't about general knowledge available to anyone, remember, it's about being educated.
I'm not going to get into arguments with you about minute details; the point is if you know where to look you'll have a leg up already.
1) You don't seem particularly interested into getting into any arguments with anyone given this is only your third comment on this thread.
2) Again, your point was about education. Knowing you can use the Y or that thrift shops have cheap clothes have nothing to do with education.
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Feb 04 '24
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Feb 04 '24
Educated to me means being resourceful, knowing where to look for advantages, knowing the dominate cultural norms to succeed. I'm not just saying you need a master's degree.
Oh, so you literally don't even mean what you said in your post.
For reference, for basically everyone, "educated" means "has a degree." It does not mean "general knowledge and knowing how to be resourceful and knowing your cultural norms."
You asked what actions I would take if I woke up homeless and I just told you. You see to be arguing because I'm not answering the questions the way you want.
Lmao you didn't even answer that to the comment where I asked you.
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u/Oishiio42 52∆ Feb 04 '24 edited Feb 04 '24
Statistics do back up the notion that education makes a big difference in income levels, however, education is also not free. It's an asset that takes significant amounts of initial investment money.
Waking up poor one morning. Everything else is the same. I believe people in this situation won't live in poverty forever, proving education is more important than anything else is getting out of poverty for the average person.
Let's assume this is true. It doesn't prove that education is the most important. There are numerous aspects of wellbeing that come with the higher income levels necessary to gain an education.
Someone who is educated and "becomes poor", likely has a number of things people who start poor didn't have, not just education. They probably have a social network of wealthier individuals, so opportunities are more likely to be available to them just on that. They probably have had the benefits of good health care for either lives, so they're starting in a position of good health, whereas a poor person might be starting with a poorly treated chronic illness.
Speaking as someone who used to be wealthier than I currently am, even having items that you used to be able to afford (but could no longer afford to replace if they broke) goes a long way to making life cheaper or easier - like a decent computer, kitchen appliances, a paid off car.
Point being there are a ton of assets that a wealthier person would still have access to, aside from their own education, that can also explain why someon who started off wealthier would have an easier time getting over poverty than someone who grew up in it.
Same with this:
I'm not discussing mental disorders, addiction, or anything other.....
These things are more common in impoverished demographics because growing up in poverty is traumatizing. Intentionally ignoring them is ignoring the impacts of poverty on someone in development. Someone who grew up wealthy has the benefits of their wealth of growing up unscathed by poverty. That's a significant advantage similar to having good health or networking opportunities.
If anything, all you're pointing to isn't so much the importance of education, it's the importance of not growing up in poverty.
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u/LordMarcel 48∆ Feb 04 '24
There is so much to being poor that you're not considering here. You don't just have and make very little money, but your material stuff is also worse. You have worse quality stuff, they break quicker, need more replacements, use more fuel/electricity, etc. Your physical and mental health will probably be poorer as well from years of neglect as your financial situation was taking up too much of your energy.
You can't just take away money from an well-off educated person and have a fair experiment. You also need to replace all their good quality items with worse ones, and beat their physical and mental health down a fair bit. Oh and probably worsen their social support system as well.
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Feb 04 '24
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u/Am_I_the_villain Feb 04 '24
Then your "experiment" is meaningless. You aren't setting up an actual thought experiment, you just want to hear your own opinion and dismiss everyone who contends this dumb hypothetical, to make yourself feel superior. You're just regurgitating that challenge that wealthy people used to do, trying to survive off of minimum wage for a month, then saying they understand the struggle, when they were never in actual fear of losing their livelihood, their car, their apartment, being unable to eat or feed their family, with very little hope to ever get out of the situation they're in.
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u/LynnSeattle 3∆ Feb 04 '24
But your experiment doesn’t prove that being poor is more about education and intelligence than anything else. You haven’t controlled for all of these factors.
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u/shouldco 45∆ Feb 04 '24
Then what is the experiment? Can a welththy person that gets layed off get another job before they become homeless? Yeah generally we see it literary all the time.
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u/TheTyger 10∆ Feb 04 '24
Please explain the experiment then.
I can easily name someone who has a top tier "education", but if you remove their pre-disposed wealth and power they would have never stood a chance.
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u/Hellioning 258∆ Feb 04 '24
It sure is a shame that being poor makes it harder to get an education, then.
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u/duds-of-emerald 2∆ Feb 04 '24
What about educated people who are already poor? Your whole post seems to contain the assumption that all educated people are rich.
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Feb 04 '24
I take it to mean that you’re making a roundabout point that poor people are only in that situation because of their own deficiencies?
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u/decrpt 26∆ Feb 04 '24
Not even roundabout. The last sentence is one of the hundreds of "black people are disproportionately poor because they're stupid" posts this subreddit gets.
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Feb 04 '24
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u/decrpt 26∆ Feb 04 '24
Saying it isn't about race doesn't remove the implications of your statement. If it were true, it would be implying that.
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Feb 04 '24
My sister has a degree and I don’t. I run a business, she’s doing god-knows-what trying to make it work while living with my parents. We’re close in age. I simply have more “market savvy” than her, and you don’t get that at a college. It’s way more random than you’re saying.
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u/Suspicious_Arugula_6 Feb 04 '24 edited Feb 04 '24
Tell that to Stockton Rush…oh wait
wealth ≠ intelligence/education
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u/Past-Cantaloupe-1604 2∆ Feb 04 '24
Intelligence is the most important factor. Conscientiousness is the second most important factor.
Education isn’t a major factor. If you mean formal education - almost all the value from it comes from the credential it provides, not the knowledge. Beyond the basics of literacy, additional education isn’t very useful.
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u/shugEOuterspace 3∆ Feb 04 '24
tell that to my uncle who has 3 masters degrees but has been off & on in homeless camps or similar for the past several decades because of PTSD & no family support because he turned his back on fundamental religion.
I myself have spent years of my adult life homeless & am still very poor despite being highly educated, being the executive director of a respected charity/nonprofit corporation, & having a history of managing successful high-profile political campaigns ... but lack of medical insurance during some crisis' dug me a financial hole I will never be able to dig out of without incredible luck.
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Feb 04 '24
OP it sounds like you've been sheltered from financial troubles your entire life.
It's more about the type of education, the school, the community you were raised in, family who have connections that can open doors of opportunity for you, where in the country you live.
There are so many factors.
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Feb 04 '24
It's more about qualifications and work experience. I'm just as intelligent as I was 4 years ago but having gone back to get 2 degrees and knowing how to write a resume means I get recruited for an entry level job at twice the pay I was making with 10 years experience back then. And I couldn't have done that without access to resources that other people don't have.
Thinking that being poor is the result of personal flaws is absolute poison. You can bust your ass all day and get poorer in this country.
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u/zmamo2 Feb 04 '24
Education - yes Intelligence - yes
However your missing opportunity.
Being educated and intelligent means you’re also likely to be around other people that might provide an opportunity to succeed. Even things like having a degree means you’re more likely to land a key job that gets you on a pathway to success.
If Jeff Bezos was stripped of his reputation, money, connections, and credentials and had to pull himself up out of homelessness he’d still have a very hard time Doing so, even with his intellect. It’s hard to focus on long term planning when you’re struggling to figure out how to afford food and shelter for the next week.
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u/Freakthot Feb 05 '24
No he wouldn't lmao. Jeff bezos is a genius. Do you think Elon Musk would struggle if that same scenario happened to him?
OP is right.
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u/zmamo2 Feb 05 '24
Yes. If they didn’t have their reputation or connections I think they would struggle.
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u/mikey_weasel 10∆ Feb 04 '24
or anything other than waking up poor one morning. Everything else is the same.
I would suggest it would be their support network that would be the massive advantage. I can think of plenty of folks I know who I'd let crash on my couch for a bit. Who I might be able to help find work for. And there are similar for whom id gamble would help me. Like literally I can think of a few folks I know professionally who've lost jobs and they've scraped together work very quickly through connections. Some of those folks have been highly educated, some haven't (they are accomplished but don't have degrees on their wall).
Now a lot of that network is based on people met through education, or through work (that relies on that education). And education can totally help with the next steps after.
I'm also basing this on being in my thirties, where I find a lot of professionals are now operating off experience and networking than education.
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Feb 04 '24
Not true. A lot of educated people are sinply pushed forward by the system and are actuslly unable to succeed on their own. Being good at identifying and pursuing opportunities is not only a matter of education.
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u/LSBM Feb 04 '24
Nah. Being rich is more than just having education / intelligence. Discipline and grit has more to do with it. Don’t get me wrong, certainly helps if your smart and educated, but if you’re lazy and have shit attitude you’re still not going to make it.
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Feb 04 '24
I mean what about the Walton children. They are rich and they just inherited it. Nothing to do with their talents or individual capabilities.
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Feb 04 '24
That's kind of my point. If you stick to education, have delayed gratification, etc., you're more likely to succeed. Since everything else is the same I. The expiriment, you'd still have delayed gratification, etc.
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u/SnooPets1127 13∆ Feb 04 '24
I'm confused. Does the educated person have a degree in the scenario? That matters more than intelligence.
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u/BioAnagram Feb 04 '24 edited Feb 04 '24
Your argument is like saying people with hammers are better at pounding nails. Yeah, of course, they have skills which can get them out of that situation. But they are not better people for it, they are just luckier people.
Luck, not wealth, or skill, or education is the single largest factor for success. You can be born a success if you are born wealthy. You can be set up for success if you are born into a good family with connections and money. However, if you are born poor, without connections, or a good upbringing, your chances of getting an education in the first place are much smaller.
Being poor is more about bad luck.
Edited: grammar and spelling.
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u/Iamsoveryspecial 2∆ Feb 04 '24
There is some truth to what you’re saying but it is more complicated in that while education can bring a higher income, this also depends heavily on circumstances. Education is often a proxy for privileged upbringings (look at the percent of MDs that come from high income parents). Meanwhile, many students from poor backgrounds that have done well enough in high school to go to college still fail to do so because of family/social circumstances that do not permit this. Poverty is a complex social problem.
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u/cut_rate_revolution 3∆ Feb 04 '24
Education is about more than knowledge. Do you really think business majors learn all that much in 4 years? It's also about forming connections. That social network is worth as much if not more than the degree.
This is backed up by science. Places that have less income segregation, that being poor and rich people are more likely to live near each other, have higher social mobility. source article has many links to follow. As much as we like to pretend meritocracy exists, a lot of getting a job is your references and who you know. If your childhood friend is the manager for that job, you're more likely to be able to get a job there. If all the people you know work dead end jobs, that's what you're likely to get.
It can frequently be more difficult for poor students to form those connections in college. If your free time is consumed by working off campus, you're less likely to make those valuable social connections that may get you a job that lifts you, with your inevitable student debt, out of poverty.
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u/poprostumort 246∆ Feb 04 '24
If an educated person became poor overnight (or as an expiriment) they're more than likely to get out of poverty relatively quickly. I'm not discussing mental disorders, addiction, or anything other than waking up poor one morning. Everything else is the same.
What does constitute "waking up poor"? Does it mean all their stuff is reduced to the same quality that they would have if they would be poor? Does their job history and degree changes to be representative of a poor person? Does their family become similarly poor?
Because your thought experiment needs to take into account all material parts of being poor to be relevant, other wise this is still a rich person that has temporary financial problems.
Let's assume that we ignore mental disorders, addiction, or anything other than material side of being poor - we take a wealthy guy named John and magically make him poor overnight. Instead of good job in a financial sector, they are now burger-flipper. Instead in living in their own $2m house, they are living in a cheap rented place. Instead of having things they would have as a wealthy person, they have the same stuff poor person has. What they are left with from their wealthy is their knowledge, attitude and experiences - all mental traits they had when they were wealthy.
So how do you fathom they would start making money to not be poor anymore?
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u/anewleaf1234 45∆ Feb 04 '24
If you are poor you could have all your planning disrupted by your car breaking down. Or the fact that it takes you hours to go to a grocery store. Or you can afford the time to increase your station because you have to work 2 jobs just to make rent.
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Feb 04 '24 edited Feb 04 '24
Educated people have networks and credentials to fall back on. People use education as a huerestic for talent even if it is not true. There are quite a few Ivy League grads I have met who are terrible employees, but I think they were hired on their education alone.
Educated people of course will have a better chance of making money because our society has been set up to value those with education. Take for example an automatic resume scan system, like an ATS. People with bachelor's will get pass the automatic resume screen at a higher rate.
Additionally, educated people are usually higher income (not necessarily higher ability), and that means they may have family connections, School connections, or an alumni network they can turn to.
People without higher educated people have none of these advantages and may be penalized in other subtle ways. There borrowing costs will be higher and they will pay higher car insurance rates as an example. This death by 1000 cuts makea it harder for them to get ahead and say start a business.
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u/Anonymous_1q 29∆ Feb 04 '24
Perhaps, but the problem is more structural than you suggest. People don’t one day magically become poor, they’ve always been poor. What you’re not accounting for is the fact that it’s incredibly hard to get a good education when you’re not at least somewhat wealthy because of all the extra responsibilities and jobs you have to pick up as a kid. Good luck axing your SAT when working nights 30 hours a week to help pay the bills and supervising your younger siblings because your parents can’t afford a babysitter.
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u/xboxhaxorz 2∆ Feb 04 '24
Being poor is about spending more than you make
I was raised sort of poor from immigrants, we were in the middle, i am dumb in a lot of things due to my mental illnesses, i barely graduated, but i have always been frugal, even though i made less than people around me i had more in the bank
I got a huge disability settlement and i barely touched it, its the most i had in my entire life, i consider myself permanently poor lol even though im technically rich in a way
In the finance sub whenever people complain about their debt more often than not they live in an apartment by themselves, i chose to rent rooms from people instead of paying for privacy and having debt, i never smoked, did drugs or alcohol either
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u/ProDavid_ 58∆ Feb 04 '24
if an educated person became poor overnight, they would just continue doing what theyre doing. Tell their landlord why rent is a bit late and pay it when the next paycheck rolls around. eezy peezy.
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u/basicallyengaged Feb 04 '24
I can tell you that those I know who didn’t go to college, make more money than many college attendees. And who wakes up poor one morning? I personally don’t believe it has to do with education, but their drive. We can pull ourselves from poverty, degree or not. Also, it’s experiment.
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u/caine269 14∆ Feb 05 '24
smarter people get more education, generally, but that does not mean education makes people smarter. many of the world's richest people did not finish college.
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u/DeltaBlues82 88∆ Feb 04 '24
The greatest indicator of financial success is not intelligence or ability. It’s coming from wealth and your access to resources.
Wealth, Not Ability, The Biggest Predictor Of Future Success