<p>1 & 2) One reason I hate average statistics. Look at median (which I should have stated in my argument initially). The median position is not lucrative. In fact, I’d reckon one has to be at the 80th-90th percentile before you actually start breaking even.</p>
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<p>I said “not young and broke”. You read “not young or broke”.</p>
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<p>I guess we should start getting specific. Does an income of 1M/year but zero assets qualify someone as broke?</p>
<p>An engineer coming out of school making 65K/year does not qualify as broke for me (I doubt many would disagree with that opinion). Really, the definition of someone’s financial well being tied solely to assets is ridiculous.</p>
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No, I’m saying someone should get the degree first. As our economy becomes more educationally stratified, being without a degree is a dangerous position.</p>