I agree on the work thing. I'm not in favor of total handouts. And TRYING to further one's education should be the goal. No argument there. But I know people - men and women - who work their butts off, sometimes 2 jobs. But the 2 jobs each pay so little, - and I'm not talking min. wage - and they can't save enough to secure their retirement, let alone help pay for kids' college. And if both parents are working - who guides / raises the kids?? How do we as a society expect kids to stay out of trouble / have parental guidance when the parents are both working?? How many times have we all heard news reports complaining about lack of parental guidance, and kids on the run & into trouble?? It was that way before the Covid pandemic hit - and Covid isn't over yet. $15 -$18 / hour doesn't buy much anymore for families with kids. I made more than that back in 1985, and we certainly don't have a ski lodge in Aspen by any means.
With decades of downward pressure on wages, the idea of saving for a secure retirement has become more out of reach for many hard-working Americans. With having to increasingly pay more out-of-pocket for health insurance as employers drop plans for employees or shift the cost to employees, saving for retirement or college assumes one big thing ........ one has enough disposable income left after bills to save. Multi-billionaires make more multi-billions ....... but the majority of American families struggle even working 2 jobs / or both parents. Even John Bogle - founder of the Vanguard Group - said the system is rigged in favor of executives. If a corporate insider says that - what's that tell us?? A good education - assuming you can afford one - and a hard work ethic ought to pay off with more than waiting tables in a restaurant, or working for a tree-trimming service because of a glut of similar college grads ........ you would think.
As for furthering one's education - I'm for that. It's much easier for kids from well-heeled families to afford college, than from an avg. American family anymore. College costs are rising faster than wages / salaries for sure. Right now, according to recent economic reports, (numerous sources) we have a glut of business-degreed folks who are in need of placement. Many are told they must relocate to other countries to work for "global conglomerates." They, via loans - or their parents - paid LOTS of money to further their lot in life, but the higher-paying careers they were aiming for are constantly changing or going offshore. Millions of young folks are in BIG debt, and didn't get the positions they thought they would. A number of recent news reports from various sources showed interviews with young men & women who graduated with business degrees, IT degrees, accounting degrees, etc. The majority were working at menial jobs that paid much less than they thought they'd be earning in their chosen fields. Sure, some make it, but most are VERY disappointed. How do they pay off their loans working in low-paying jobs?? Those young folks were articulate and well-spoken, but lamented the lack of positions in their fields. So - switch fields?? Already in debt, where does THAT money come from?? How many more years must they spend in another course of study (assuming they get loans) before they can EARN good money?? Automation & offshoring of jobs - how does one combat / deal with that??
There is no easy answer for the majority of American families. College takes BIG money, if one wants a good degree. For many American families, the cost is out of reach. Most local community colleges don't produce numbers of GOOD-paying careers. Do they all become plumbers - and create a glut of plumbers?? The glut of business-degreed people can't land jobs in their fields. Not being argumentative, but I'm sure there'll be examples of a person that someone knows who hit the jackpot - but that's not close to the majority anymore. 1950's, 1960's, 1970's were a lot different. No "global economy" back then.