Highly Educated, Unemployed and Tumbling Down the Ladder

[babylon1]

fukk the capitalists

 

[TLR Is Mental Poison]

“I’ve had to seriously downgrade my living situation,” said Alex Gomez, a 42-year-old with a master’s degree in entrepreneurship. Gomez lost his last full-time job in 2009 and has been looking for work since a short-term contract position ended in 2012.

Gomez’s home was foreclosed on, so the Tampa resident lives with three roommates in a college neighborhood. He drained his 401(k) trying to save his house, and he has around $150,000 in student loans. His mother is tapping her 401(k) to pay his rent. Gomez subsists on that and about $200 a month in food stamps.

Wow... dude is making all kinds of mistakes

 

[ExodusNirvana]

Sorry to say...but a master’s degree in entrepreneurship was the first mistake.

 

[acri1]

Stories like this make me take pause when considering starting a family. The idea of being payed off in your fifties when the kids are preparing for college is so scary to me. I've been with three different companies since I graduated college. One layoff and one I left voluntarily.

My homeboy with an MBA from a top 40 school was laid off for two years with two toddlers and a wife in Grad School. Luckily his Fam had some money so they held him down, but if didn't have support? Scary as fukk.

I feel you.

I'm at the age (almost 30) where I'm starting to get the "I want grandkids" type comments from my mom and I'm still kinda like .

Even outside the whole marriage thing, the thought of having to support a kid in such an unstable economy is really scary. I'm doing ok at the moment but I'm not naive enough to think that I couldn't lose my job in a snap and be out of work for who knows how long.

 

[ExodusNirvana]

I feel you.

I'm at the age (almost 30) where I'm starting to get the "I want grandkids" type comments from my mom and I'm still kinda like .

Even outside the whole marriage thing, the thought of having to support a kid in such an unstable economy is really scary. I'm doing ok at the moment but I'm not naive enough to think that I couldn't lose my job in a snap and be out of work for who knows how long.

Chill breh...don't bring kids into this world unless you can provide for them a better life than you had. This is what my folks did for me and if I can't do the same then it doesn't make sense to do that cause it's not fair to them.

 

[TLR Is Mental Poison]

Sorry to say...but a master’s degree in entrepreneurship was the first mistake.

Word thats something youre born with, thats like getting a degree in sports to become a professional athlete

Taking out 150K in student loans was another

Dipping into the 401K to stay in his house was another

Staying in Tampa was another, FL job market sucks

I feel for the breh but IDK. Some things in his story didn't add up.

Lot of people got burned by the recession though. And the wounds wont heal

 

[Mook]

fukking depressing and terrifying. I can barely bring myself to read articles like this anymore. It's especially troubling because my dad has basically thrown away everything he ever had due to a series of really bad life decisions. He's making pennies, and he'll be 60 this month. he definitely won't be able to retire anytime soon. My mom lives alone, and is paying for herself as well as my grandfather that has NO quality of life at all, and is basically just slightly above a vegetable.

They've both worked so hard during their lives, a divorce took a toll on both of them financially, and I hate the idea that they'll both have to work forever. They're more stressed out than ever before. I love to say things like I'll take care of them when I get older and get more money, but that's probably not realistic.

I really need to stop reading articles like these. I already know the stuff that's in them, and they almost always make me feel awful. Daps and pos rep for an informative article though.

move em to another country like jamaican, buy them a house bruh and they'll live like kings off 500 dollars a month u send em. They die and u get the house back

 

[MeachTheMonster]

Stopped reading at "masters degree in entrepreneurship"

Pay hundreds of thousands of dollars for worthless degrees brehs

 

[Shogun]

Stopped reading at "masters degree in entrepreneurship"

Pay hundreds of thousands of dollars for worthless degrees brehs

An entrepreneur who's looking for someone to give him a job

 

[Ethnic Vagina Finder]

tired of reading these sob stories. It is what it is.

 

[Richard Wright]

Other people aren't gonna be able to provide you with a job forever. All of the jobs these people had were easily replaceable. Labor is a market at the end of the day. It seems that in 2014 and going forward you simply wont be an affordable employee past age 50.

The only way to win is to own in capitalism.

 

[☑︎#VoteDemocrat]

fukk the capitalists

I guess you're unemployed

 

[Prince Akeem]

Sorry to say...but a master’s degree in entrepreneurship was the first mistake.

I didn't even know that was a thing.

 

[Trip]

I find it strange that most people I know with an MBA...pursue it without any real job experience right out of college...

So they pay a ton to go to a 4 year university...either go right into getting an MBA or can't find a job and say "I will get my MBA"...and run up even more debt

This. Becoming a professional student is a bad habit to break....get experience then go back for your MBA when you have a better idea of what you want to do.

 

[IAmGettingAMailOrderBride]

"Entry level position"

*scrolls down to requirements*

"3-5 years of experience"

...

I hate that so much