Responsible SNAP Budget

[Darkwind]

People with a college education on average are much better paid through life than those who don’t have one. Anyone telling you different is either stupid or lying

Yes. You can make a good living on the trades… generally if you’re union.

You don’t have that big college loan to at off . You make decent money almost from the start

But there is a cap on what you can make and it’s generally hard physical work that wears out your body.

Not many people are willing to do that work.

So, being saddled with 200+ thousand dollar debt and its interest don't significantly alter the lifetime earnings of these people?

Anyone telling you differently is either stupid or lying.

Are you lying?

 

[WorldWatcher]

So, being saddled with 200+ thousand dollar debt and its interest don't significantly alter the lifetime earnings of these people?

Anyone telling you differently is either stupid or lying.

Are you lying?

No, having student loan debt doesn't alter lifetime earnings as "earnings" on one one side of the balance sheet. Debt is an expense not an earning.

If an individual makes $5000 per month and has a car payment of $500 per month, their earnings are still $5000 per month. After paying their car payment they have $4500 available as ready cash, but that is different from earnings.

So to go back to the other point about life time earnings. I hate using averages because situations change based on individual circumstances, but Google says average income for someone without a college degree is about $40,000 and for someone with a college degree it's $80,000. So let's use that as the benchmark and assume an indivdual hits that metric 20 years into a 45 year working career. If we assume a 2% raise each year working backward and forward, then apply $200,000 in student loans ($0 for the non collge version and $200,000 for the college version).

You get something like this.

The result is this.

#1 On average, over 45 years the non-college graduate will earn less that the college graduate, looking at total earnings (line 48).

#2 On average the college graduate will pay approximaltey $450,000 for the $200,000 student loan if paid back over 10 years and $507,000 if the loan in paid back over 20 years.

#3 However, on average the college graduate earns twice as much as the non-college graduate and even after paying back the student loan will have earned 177% (at the 10 year amounts) and 174% (at the 20 year amounts).

NOTE: Remember we're dealing with populations here, not individual anecdotals. So the "Well I know a guy..." anecdote doesn't change the general principal when dealing with a mass of people, there will always be variances and exceptions.

I used an online student loan calculator to determine the interest paid over the lifetime of a student loan for 10 and 20 year versons.

WW
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[Lisa558]

No, having student loan debt doesn't alter lifetime earnings as "earnings" on one one side of the balance sheet. Debt is an expense not an earning.

If an individual makes $5000 per month and has a car payment of $500 per month, their earnings are still $5000 per month. After paying their car payment they have $4500 available as ready cash, but that is different from earnings.

So to go back to the other point about life time earnings. I hate using averages because situations change based on individual circumstances, but Google says average income for someone without a college degree is about $40,000 and for someone with a college degree it's $80,000. So let's use that as the benchmark and assume an indivdual hits that metric 20 years into a 45 year working career. If we assume a 2% raise each year working backward and forward, then apply $200,000 in student loans ($0 for the non collge version and $200,000 for the college version).

You get something like this.

View attachment 1181426

The result is this.

#1 On average, over 45 years the non-college graduate will earn less that the college graduate, looking at total earnings (line 48).

#2 On average the college graduate will pay approximaltey $450,000 for the $200,000 student loan if paid back over 10 years and $507,000 if the loan in paid back over 20 years.

#3 However, on average the college graduate earns twice as much as the non-college graduate and even after paying back the student loan will have earned 177% (at the 10 year amounts) and 174% (at the 20 year amounts).

NOTE: Remember we're dealing with populations here, not individual anecdotals. So the "Well I know a guy..." anecdote doesn't change the general principal when dealing with a mass of people, there will always be variances and exceptions.

I used an online student loan calculator to determine the interest paid over the lifetime of a student loan for 10 and 20 year versons.

WW
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.
.
.
View attachment 1181427

The difference is even more stark when you consider the average student loan is $37,000 - not $200,000.

Average Student Loan Debt [2025]: by Year, Age & More

Find out how the national average of $37,693 in student loan debt breaks down by age, degree and more, as well as how it's changed over time.

educationdata.org

 

[WorldWatcher]

The difference is even more stark when you consider the average student loan is $37,000 - not $200,000.

Average Student Loan Debt [2025]: by Year, Age & More

Find out how the national average of $37,693 in student loan debt breaks down by age, degree and more, as well as how it's changed over time.

educationdata.org

I know, but I used the other posters figure to run the calculation for consistancy.

Our daughter graduated with significant debt, but that was undergrad and law school, but still was about 1/2 of her law school peers.

WW

 

[Lisa558]

I know, but I used the other posters figure to run the calculation for consistancy.

Our daughter graduated with significant debt, but that was undergrad and law school, but still was about 1/2 of her law school peers.

WW

Also, there is NO reason for someone to go to a $50,000 a year private university and graduate with $200,000 in debt (for a bachelor’s).

 

[Lesh]

Also, there is NO reason for someone to go to a $50,000 a year private university and graduate with $200,000 in debt (for a bachelor’s).

Why do you say that?

 

[j-mac]

So show us proof that buying lobster with EBT funds is anything CLOSE to a common occurrence

And not some bullshit tik tok video. That would be just stupid. You’re not stupid right?

 

[Lisa558]

Why do you say that?

Because there are so many other options - like the State U. or, better yet, go to community college for two years, get a B average, and get a 1/3 to 1/2 academic transfer scholarship to the state university.

Let’s do a little math: tuition for 2 years of CC would be about $8,000. Two years of State U would be about $20,000 (average tuition of state college is $10K per year), meaning a total loan of around $28,000.

But….with a B average in CC, you can drop the State U tuition to $14,000 for both years. Total student loan debt is now $22,000.

BUT….kid can work each summer for $3,000 each, so subtract $12,000 (OK….subtract $10K so the kid can have a little fun over the summer), and the total loan debt is $12,000.

 

[Lesh]

Because there are so many other options - like the State U. or, better yet, go to community college for two years, get a B average, and get a 1/3 to 1/2 academic transfer scholarship to the state university.

Let’s do a little math: tuition for 2 years of CC would be about $8,000. Two years of State U would be about $20,000 (average tuition of state college is $10K per year), meaning a total loan of around $28,000.

But….with a B average in CC, you can drop the State U tuition to $14,000 for both years. Total student loan debt is now $22,000.

BUT….kid can work each summer for $3,000 each, so subtract $12,000 (OK….subtract $10K so the kid can have a little fun over the summer), and the total loan debt is $12,000.

So you think that someone doing all that to go to less respected schools will do as well as someone going to an Ivy League school?

Of course not

 

[WorldWatcher]

Because there are so many other options - like the State U. or, better yet, go to community college for two years, get a B average, and get a 1/3 to 1/2 academic transfer scholarship to the state university.

Let’s do a little math: tuition for 2 years of CC would be about $8,000. Two years of State U would be about $20,000 (average tuition of state college is $10K per year), meaning a total loan of around $28,000.

But….with a B average in CC, you can drop the State U tuition to $14,000 for both years. Total student loan debt is now $22,000.

BUT….kid can work each summer for $3,000 each, so subtract $12,000 (OK….subtract $10K so the kid can have a little fun over the summer), and the total loan debt is $12,000.

My daughter went to a State U.

The rule of thumb is basically take Tuition and double that for total cost of attendance. Which includes Room & Board, Books and Supplies, Lab Fees, and every other thing they nickel and dime.

I just checked her school. Tuition is listed as $14,250. Total Cost of Attendance it listed as over $30,000 (at the instate rate).

WW

 

[The Sage of Main Street]

What is it you are talking about?

No one has a right to an education. A University education is NO guarantee of a high-paying job.

The truth is, getting an education in the Trades is much more useful and satisfying to people. They have an immediate skill, and they'll be making journeyman wages a year or more before a university student finishes with the remedial education that they call a Bachelor's Degree.

Why the hell are you worried about rich people putting their kids in university? It affects you not one little bit, unless you count the gaslighting and brainwashing they get so that they can act as gatekeepers for their ideology in Corporate America, other private sector jobs dealing with HR, State, and Federal government.

Don't Look Up to Spoiled Brats Who Look Down upon You

The other moochers are sponsored by your Daddy-mooching idols. These giveaways started with JFK and his gang of Ivy League scum.

 

[The Sage of Main Street]

People with a college education on average are much better paid through life than those who don’t have one. Anyone telling you different is either stupid or lying

Yes. You can make a good living on the trades… generally if you’re union.

You don’t have that big college loan to at off . You make decent money almost from the start

But there is a cap on what you can make and it’s generally hard physical work that wears out your body.

Not many people are willing to do that work.

Defund the RichKid Reich

Not enough people are willing to get skills training because they'll have nothing to live on during training. The spoiled snobs slam them for being lazy, but they themselves would do the same thing if they didn't have their Daddies' money supporting them from cradle to grave. And yes, the same percentage of Preppies belong in blue-collar work as do the Unfortunate Sons.

 

[The Sage of Main Street]

My daughter went to a State U.

The rule of thumb is basically take Tuition and double that for total cost of attendance. Which includes Room & Board, Books and Supplies, Lab Fees, and every other thing they nickel and dime.

I just checked her school. Tuition is listed as $14,250. Total Cost of Attendance it listed as over $30,000 (at the instate rate).

WW

This Is True Critical Thinking, Not Spin Jobs

That means nothing more honest or deserving than buying a job. The Eweniversity is designed for students whose fathers cover all that. The kind of Americans who created our former prosperity should make sure those parasites never graduate.

 

[The Sage of Main Street]

No, having student loan debt doesn't alter lifetime earnings as "earnings" on one one side of the balance sheet. Debt is an expense not an earning.

If an individual makes $5000 per month and has a car payment of $500 per month, their earnings are still $5000 per month. After paying their car payment they have $4500 available as ready cash, but that is different from earnings.

So to go back to the other point about life time earnings. I hate using averages because situations change based on individual circumstances, but Google says average income for someone without a college degree is about $40,000 and for someone with a college degree it's $80,000. So let's use that as the benchmark and assume an indivdual hits that metric 20 years into a 45 year working career. If we assume a 2% raise each year working backward and forward, then apply $200,000 in student loans ($0 for the non collge version and $200,000 for the college version).

You get something like this.

View attachment 1181426

The result is this.

#1 On average, over 45 years the non-college graduate will earn less that the college graduate, looking at total earnings (line 48).

#2 On average the college graduate will pay approximaltey $450,000 for the $200,000 student loan if paid back over 10 years and $507,000 if the loan in paid back over 20 years.

#3 However, on average the college graduate earns twice as much as the non-college graduate and even after paying back the student loan will have earned 177% (at the 10 year amounts) and 174% (at the 20 year amounts).

NOTE: Remember we're dealing with populations here, not individual anecdotals. So the "Well I know a guy..." anecdote doesn't change the general principal when dealing with a mass of people, there will always be variances and exceptions.

I used an online student loan calculator to determine the interest paid over the lifetime of a student loan for 10 and 20 year versons.

WW
.
.
.
.
View attachment 1181427

No-Talent Yes Men

Nothing about whether college graduates deserve that extra wealth, so the statistic is meaningless.

 

[Dekster]

(Not sure where to put this, but mods can move it.)

Welfare beneficiaries will get half their monthly SNAP benefit for November. Let’s see how, with responsible choices, they can stretch that out. For purposes of this exercise, let’s say it’s a single mother with two little kids, who normally gets $750 a month. So…..how can she stretch the $375 for this month?

1) Four packages of chicken (16 main meals) at $35
2) Two pounds of ground beef (8 mains) @ $15
3) Box of spaghetti and sauce (4 mains) @ $5
4) 3 bags of frozen veggies @ $10
5j 10 cans of fruit @ $15

All dinners: $80 total

1) 2 Dozen eggs @ $8
2) Two boxes cereal @ $5
3) Juice carton @$4 (mix with water to stretch it out)
4) 3 gallon of milks (not sure, let’s say $10)
5) Package of cheese @ $3
6) Two loafs of bread $8

All breakfasts: $40

Kids get free lunches, so for Mom only (and weekends for kids)

1) Five tuna cans @ $10
2) Another loaf of bread @ $4
3) mayo @ $3
4) packages of sliced Turkey and bologna @ $10
5) apples, bananas, whatever, let’s say another $15

Lunches: $42

All basic meals: $162

Add in another $40 for pudding snacks, jello, bags of chips, etc., etc.

Still comes in around $200 for a basic “charity” diet for November.

Trump says SNAP will be half funded in November. What does that mean?

When will SNAP benefits arrive for November and other things to know

www.usatoday.com

IDK where you can get 2 boxes of cereal for $5. A lot of it is $5-$6 per box

 

[The Sage of Main Street]

Also, there is NO reason for someone to go to a $50,000 a year private university and graduate with $200,000 in debt (for a bachelor’s).

The Hubris of Hypocrites

There is no reason he has to pay tuition, and has to live in student poverty, either. That is not a natural human motivation. Those who have stolen our country never asks their sons to do that, so we should silence them.

 

[Lisa558]

IDK where you can get 2 boxes of cereal for $5. A lot of it is $5-$6 per box

My store has buy one, get one all the time. As someone who pays for my own groceries, I make an effort to take advantage of those deals.

 

[schmidlap]

My store has buy one, get one all the time. As someone who pays for my own groceries, I make an effort to take advantage of those deals.​

It's reassuring that kids won't go hungry in Trump's America in November.

Trump admin ordered to make full November SNAP payments​

A federal judge said the administration must fully cover this month’s food stamp benefits for tens of millions of Americans​

 

[The Sage of Main Street]

The Lazy Rich and the Lazy Poor United Against the Middle

The rulers' hired jurinalists will never interview his role model in the upper class (the decadent rich financed the changeover to his degenerate "music"). Somehow, it's all right to be a lazy moocher if it's your rich Daddy pampering you. But where do the plutocrats get that money from? From the rest of us.

 

[Lisa558]

It's reassuring that kids won't go hungry in Trump's America in November.

Trump admin ordered to make full November SNAP payments​

A federal judge said the administration must fully cover this month’s food stamp benefits for tens of millions of Americans​

Well then I guess all those Baby Mamas with five little illegitimate kids can get $1200 a month, tax-free, and all their fathers are off the hook for pitching in to feed their own children,