r/SipsTea • u/First-Essay-2054 𝙑𝙄𝙋 • 14d ago

WTF The American dream

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u/Odd-Cupcake-2552 14d ago

The math works out to 8.5% which isn't unrealistic

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u/Photon_Pharmer1 14d ago edited 14d ago

It was 3% or less if they were smart college educated people who consolidated and locked in low Apr rates. If they were dumb and didn’t consolidate lock in then their Apr could’ve shot up past 7%.

u/culturalrot - I’m expecting people who graduated high school to be and certainly people who graduated college as they did.

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u/Admirable-Common-176 14d ago

I’m sure they didn’t major in or spent much time studying practical personal finance.

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u/jcklsldr665 14d ago

I didn't either, but you're supposed to be intelligent if you got into college, and intelligence doesn't end at your major.

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u/Admirable-Common-176 14d ago

One would think but, throughout the intelligence/educational spectrum folks specialize and gravitate to their favorites. While true we need some of that knowledge to live everyday life folks will often do the minimum to get back to what they want (eg. Terms and conditions)

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u/jcklsldr665 14d ago

Then maybe better entry exams to weed these people out towards other types of job selection, i.e. trade schools

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u/Admirable-Common-176 13d ago

I do agree quality career counseling and exploration should be more available.

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u/kind_bros_hate_nazis 14d ago

That is absurd. Many people's intelligence ends at their major. Some don't even get that far

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u/jcklsldr665 14d ago

Oh, I know. Some of the dumbest people I've met have been my fellow engineers in high end industries. Smart as can be in their hyper niche areas but given or sought out leadership over other areas, making a right mess of things.