jac379: Having a degree maybe has less significance than it used to - 25 years a go only 5% of the population were graduates, 20 years ago 10%, but now its a lot higher. I may be completely wrong here, but I think the government aim was to get it up to 50%.
There used to be a grant system effectively based on achievement and economic status of your parent(s)/gardian(s), if you were dependant - if you got the grades and needed funding, you'd get a grant.
Now, you need to be either self-funding, or get a loan. Many young people, therefore start their working life in debt up to their eyeballs.
This gets them into the debt culture, before they even get started and so promotes that way of life.
Interestingly, some of the economic achievements that you cite in your original posting, for most involves mortgage, loans, etc. It strikes me therefore, that the measure of middle class status relies on how much debt you are in.
Jac xxx
Thats very true, Jac.
I remember when I was at school, someone with a degree was considered very "posh". Nowdays, you can get degrees every which way, for any subject by any method, it seems.
Maybe thats a good thing, but in my mind it diminishes its value somewhat.
lifeisadream: Quality of life is more important that income.
What is life's quality for each family? and How do we choose the place to live in?
Where I live: - "safe" and cultural city makes life fuller to enjoy. - Great food including fresh veg, fruits, etc. are available at reasonable price. - Job and education opportunities are available.
Then we have to take a look inside the families' way of living.
good point really...
so middle class could be a frame of mind in a way.....one could easily be rich even without a large net worth if one see riches in other than monetary forms....
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There used to be a grant system effectively based on achievement and economic status of your parent(s)/gardian(s), if you were dependant - if you got the grades and needed funding, you'd get a grant.
Now, you need to be either self-funding, or get a loan. Many young people, therefore start their working life in debt up to their eyeballs.
This gets them into the debt culture, before they even get started and so promotes that way of life.
Interestingly, some of the economic achievements that you cite in your original posting, for most involves mortgage, loans, etc. It strikes me therefore, that the measure of middle class status relies on how much debt you are in.
Jac xxx
Thats very true, Jac.
I remember when I was at school, someone with a degree was considered very "posh". Nowdays, you can get degrees every which way, for any subject by any method, it seems.
Maybe thats a good thing, but in my mind it diminishes its value somewhat.