Still, I'd much rather be making halfway decent wages. Instead, I've worked jobs where I was making just over half the wage of the "regular" employees; considering the expenses people my age often have to worry about these days, the wages we're expected to cover those expenses with are pretty abysmal.
What kind of wages do you expect comming out of college? No disrespect, but some of the applicants sit front of me in an interview with a college degree, with zero experience and demand about 100 to 150% more then a 20 year old experienced veteran with no degree.
College graduates in the early days of their "emancipation" also have a certain arrogance about them. As if because they are graduates now they should just be handed the job.
When I was in college, I received on average three credit card offers a day. By my fourth year, I had $20,000 unsecured credit limit (not debt, just limit). This is for someone who had $0 income.
a. Because I was uneducated about credit cards,
b. because credit companies were betting I will be making big chunk of change once finished school.
c. Because my girlfriends at that time were highly motivated by money.
I am torn between smacking the credit card companies around for not educating the "kids", and smacking the kids around for not having the common sense. The problem is businesses want to make money, but no one can expect kids to know everything about real-world life - including credit/unsecured debt.
I know there is temptation to throw in a "legislation" or something similar to "protect" us from the "greedy" credit card companies. I think asking the industry to put a slightly tighter self monitoring would be of best interest for them. Maybe verifying if that 18 years old does truly bring home $100K salary? Maybe requesting a copy of the applicants last 1040?