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Millennials Earn 20 Percent Less Than Boomers Did At Same Stage of Life (usatoday.com)
According to a new analysis of Federal Reserve data by the advocacy group Young Invincibles, millennials earn 20 percent less than boomers did at the same stage of life, even though they are better educated. Their median household income is $40,581, and their home ownership rate is lower, while their student debt is drastically higher. USA Today reports: The analysis of the Fed data (PDF) shows the extent of the decline. It compared 25 to 34 year-olds in 2013, the most recent year available, to the same age group in 1989 after adjusting for inflation. Education does help boost incomes. But the median college-educated millennial with student debt is only earning slightly more than a baby boomer without a degree did in 1989. The home ownership rate for this age group dipped to 43 percent from 46 percent in 1989, although the rate has improved for millennials with a college degree relative to boomers. The median net worth of millennials is $10,090, 56 percent less than it was for boomers. Whites still earn dramatically more than Blacks and Latinos, reflecting the legacy of discrimination for jobs, education and housing. Yet compared to white baby boomers, some white millennials appear stuck in a pattern of downward mobility. This group has seen their median income tumble more than 21 percent to $47,688. Median income for black millennials has fallen just 1.4 percent to $27,892. Latino millennials earn nearly 29 percent more than their boomer predecessors to $30,436. The analysis fits into a broader pattern of diminished opportunity. Research last year by economists led by Stanford University's Raj Chetty found that people born in 1950 had a 79 percent chance of making more money than their parents. That figure steadily slipped over the past several decades, such that those born in 1980 had just a 50 percent chance of out-earning their parents. This decline has occurred even though younger Americans are increasingly college-educated. The proportion of 25 to 29 year-olds with a college degree has risen to 35.6 percent in 2015 from 23.2 percent in 1990, a report this month by the Brookings Institution noted.
I'm not bitching about white people. I am one. But when 20% of Trump voters openly believe that getting rid of black slavery was a bad idea, these people putting Trump over the top, I'm not going to pretend that it's not a fact.
Taking note of racists and racist attitudes isn't itself racist, guy. And trying to pretend that it is, is obvious projection on your part. So I'll let others decide who is in fact the racist pile of shit in this conversation.
Obama's birth certificate is and has always been completely irrelevant. He would still be a natural-born citizen even if he had been born in Kenya.
Children whose mothers are American citizens are automatically American citizens at birth unless the citizen mother lived almost her entire life abroad (spending less than a single contiguous year in the U.S.).
You're missing quite a few things here. Decline in government subsidies has been a factor, particularly at state institutions. But you also have a lot of other "run like a business" stuff that's taken over higher ed in the past couple decades. The two biggest factors are (1) growth of unnecessary administrative bureaucracy (at many colleges administration and associated staff have often grown at double or triple rate of faculty or student body), and (2) the "arms race" in campus "life" and facilities. Colleges now try to sell prospective students on the cool high-tech new dorm, with the gourmet dining option and the expanded gym next door with an Olympic swimming pool and climbing gym or whatever. I exaggerate only slightly (well, at some places, not at all). Buildings are expensive to build and maintain, along with the required staff. There's other stuff too, but these are some of the huge monetary sinkholes in higher ed these days.
(Full disclosure: I've taught at the college level, so I'm pretty familiar with the budgets.)
Obama got a Nobel peace prize just for being elected president. He very clearly didn't have to earn that, and in hindsight, he never should have received it.