taking a poll. I want to see what really constitutes post college poverty. Asking for a friend..
taking a poll. I want to see what really constitutes post college poverty. Asking for a friend..
Instead, ask how much in debt people were. Most people do not leave college with significant savings of any kind, but I think you already know that and this post will eventually end up as a humblebrag, which is why you started the thread in the first place.
Less than $2,000 in savings and probably $35,000 in student loan debt.
Undergrad- zero
Masters- zero
Ph D- probably about $30k
lol bad thread title on my part but savings and debt are not mutually exclusive. I'm referring to undergrad btw
The amount of money that one has immediately following college bears very little relationship to "what really constitutes" poverty, which is a very serious deprivation of resources, not merely a jokey label that presumably well-educated young people use to refer to a presumably temporary lack of money at the beginning of one's professional career. It's a bit like the difference between, on the one hand, "roughing it" with a weekend camping trip and, on the other hand, living in a tent all your life with nothing but a backpack to carry all of your worldly possessions.
I used the word poverty in jest. lol if that wasn't obvious to you
-$87,000
Only wealthy people can afford to have a whole lot of debt.
0
I spent every last penny at the bars on graduation night. Though I only had like two hundred at the time. What are you expecting to hear?
peasant warrior wrote:
I used the word poverty in jest. lol if that wasn't obvious to you
I understand. It's often used as what I earlier called a "jokey label" by individuals who may temporarily lack funds but aren't truly impoverished. But that tends to come off badly. It reminds me of Hillary Clinton's seemingly serious claim that, when she and her husband left the White House in 2001, they were "dead broke" -- as if their power, influence, celebrity, and vast earning potential were worth nothing. Or Ann Romney's suggestions that, when she and Mitt were a young married couple, they were poor and struggling, whereas they were, in fact, ridiculously privileged. It's just playing at poverty -- "pretend poverty" -- and it's nothing like the real thing.
https://www.washingtonpost.com/news/post-politics/wp/2014/07/29/hillary-clinton-on-dead-broke-comment-i-regret-it/?utm_term=.dd4d6c1ffc98http://www.nydailynews.com/opinion/romney-family-pretend-poverty-article-1.1156143But to answer your question, I graduated from college with perhaps a few thousand dollars, and I graduated from law school with a few thousand more. I paid for both with military service. I had no debt, and I never felt poor.
peasant warrior wrote:
lol bad thread title on my part but savings and debt are not mutually exclusive. I'm referring to undergrad btw
They are at opposite poles. Think before you write something down.
I had about $5k in savings when I graduated. No college debt, but it's unfair to compare me because I had a full ride. Had I not had a scholarship I would have had zero in savings and about $30k in student loans.
About $1000 in savings / checking from part time work and internships (would work more than full time during the summers/winters to pay for rent, food and tuition and did internships during the school year 10-15 hours per week while running D1). $20,000 in student loan debt. No car, no TV, etc. Just a bike I bought when I was in high school, a hand me down bed, some clothes, some cheap fishing equipment and some old running shoes. I didn't have much, but I didn't feel poor because I had a degree in engineering and a real job lined up. All the crap jobs I worked from 15-22 and my limited income helped me appreciate the first professional job I obtained and taught me how to live with next to nothing and still be happy. One of the best things you can learn in college is learning how to survive off of nothing.
-$400.00
I had started working full time during my last year in college in my industry (tech) so I was just above the water, maybe $4k or something as I had started paying for all my expenses that year as well
-175,000