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Thursday, April 10, 2014

Wake Up Young Americans

I believe with hard work, all ambition Americans have the opportunity to succeed. Does that mean I want to help the poor? Of course I do! Programs like WIC keep food on the table for many needy families, and there is no shame in seeking help if you need it. However, what happens when the needy families aren’t needy at all- they are college educated young people just drowning in student debt with no way to repay it? I was blessed enough to be graduating college with no debt thanks to the sacrifices my parents made. My fellow young Americans? Not so lucky. Google tells me that the class of 2012’s average student debt was $29,400, which is almost six grand MORE than the class of 2008’s average debt which is $23,450, and nearly DOUBLE the class of 2004’s average debt at a mere $18,750.

 What’s going on guys? Is our generation really just lazy bums too busy poppin molly and twerkin to be adults like the media says?

I’ll tell you what I think… it doesn’t sound too pretty, but numbers don’t lie: The old are quite literally eating the young. America used to be a place where with a high school degree and some hard work, a person could provide for their family, put a little money away for retirement, and have a pretty comfortable life. They wouldn’t be rich, but they would be okay.

Today? LOL at saving money. Millennial are called the “boomerang generation” because entirely too many young people either cant find a job, or the only job available is waiting tables or bartending. In fact, of college educated 18-34 year olds, a full SIXTY ONE PERCENT MORE were living with their parents in 2011 than in 2001 according to The Atlantic. It’s disgusting. We are literally negative value.....

Lazy, entitled narcissists who live with their parents...
Did you know that our congressional representatives are getting older? The 111th congress (we’re in the 113th right now) was the oldest in history. How can our lawmakers be advocating for the interest of young Americans when they themselves are 20 years older than the people they represent? They can’t. Our leaders are more concerned about helping the old die comfortably than the young get established and be productive members of society.

While eating lunch with Tommy, we were talking about his paycheck….a full QUARTER of it was taken out for taxes….. will he or I ever see a cent of social security benefits? No. How can young people ever ever ever get ahead and do things like buy houses, start families, or IDK pay off $30,000 worth of student debt when all we’re getting as jobs is unpaid internships or being stuck at lowly entry level jobs for the first 10 years of employment? Even the grocery stores are switching to automated check-outs rather than have cashiers....

Did you know that 92% of Congress is over age 40? The average age of the Senate is 62, and the average age of the House is 57…..Do you think middle-aged white rich guys have the same interests as 20 year old middle class people just getting started? Absolutely not. In the 1970's there was a movement to age restrict congress members to 65 or 70... not a bad idea considering you have to be 25 to run for the house. So while the 113th congress was busy writing 10 different bills to rename post offices, I decided I want to run for office; You have to be at least 21 to run for Texas Representative and wuddyaknow Im 22. Sadly, I missed the deadline to get on the ballot by a few months, but I promise you I will do my damnedest to fix this country when I have the opportunity. How can 80 year old congress members even be awake to hear the arguments? Ive seen senate hearings on CSPAN it looks so so boring!!! You know there must be some serious napping going on in Washington by our esteemed older representatives....

Fun fact- student loans must be paid back with interest. Who sets the interest? Congress. The 62 year old senators, for example, who grew up in the 1950's in the days of  Leave it to Beaver. Right now, you can quite literally finance a house, a car, almost anything with less interest than the student loan interest rates:
Loan Type
First Disbursed between July 1, 2013, and June 30, 2014
Direct Subsidized Loans (Undergraduate Students)
Fixed at 3.86%

Direct Unsubsidized Loans (Undergraduate Students)
Fixed at 3.86%

Direct Unsubsidized Loans (Graduate or Professional Students)
Fixed at 5.41%
Direct PLUS Loans (Parents and Graduate or Professional Students)
Fixed at 6.41%

Perkins Loans (Undergraduate and Graduate or Professional Students)
Fixed at 5%

 
More fun news coming off the studentaid.ed.gov website? 
Most federal student loans have loan fees that are deducted proportionately from each loan disbursement you receive. This means the money you receive will be less than the amount you actually borrow. You're responsible for repaying the entire amount you borrowed and not just the amount you received.
Here are the loan fees for federal student loans first disbursed on or after Dec. 1, 2013:
   1.072% for Direct Subsidized Loans and Direct Unsubsidized Loans
4.288% for Direct PLUS Loans for parents and graduate and professional students”
Raise Your Voice- Vote!!!!

Don't think I'm saying we should all go kill our grandparents- not at all! I just want you all to realize the situation we are facing as a generation.... and we aren't exactly being helped out by our lovely baby boomer congress. 

In 2020, the youngest of the millennials will be reaching voting age; at that time, we will have a full 40% of the voting block. Get involved, do your research, and together we really can turn this around.



Wake up Young America…. Before its too late.

Brooke