American Economics Thread

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Intention

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chgough34 said:
https://twitter.com/i/web/status/1820880816647422097

US college tuition prices have remained steady over the last number of years. Instead, U.S. colleges have implemented a price discrimination policy where there is a high sticker price where only children from high income families pay and low income families pay less due to need based financial assistance. This helps ensure limited state fiscal resources are spent solely on those that need it most without excessive spending on families that do not need fiscal transfers
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You seem to be going much further than the tweet. I don't have access to the full article but are you sure that the system is working the way you claim? Isn't student loan debt growing faster than you would like? Also, is the high sticker price and navigating loans a barrier to expanding college access?
 
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chgough34

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Intention said:
You seem to be going much further than the tweet. I don't have access to the full article but are you sure that the system is working the way you claim? Isn't student loan debt growing faster than you would like? Also, is the high sticker price and navigating loans a barrier to expanding college access?
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Student loan debt is nearly entirely concentrated in people with graduate degrees, not undergraduate degrees. Undergraduates don’t carry much debt (if any at all).

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chgough34

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vincent said:
The qualifier your sentence missed is "Public University"
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~70% of US college students attend public institutions (
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), those that attend private institutions are from wealthier families. What’s more - the regional universities that are the bulk of 4yr university enrollments in the U.S. - the Cal States, CUNYs, and UCFs - are more or less open enrollment for everyone with a high school diploma.
 
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kentchang

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chgough34 said:
~70% of US college students attend public institutions (
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), those that attend private institutions are from wealthier families. What’s more - the regional universities that are the bulk of 4yr university enrollments in the U.S. - the Cal States, CUNYs, and UCFs - are more or less open enrollment for everyone with a high school diploma.
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You do not need to be wealthy to attend Ivy schools. Ivies still practice need-blind admission. Having huge endowments help. Columbia sold the Rockefeller Center to Goldman/Mitsubishi in the 1980's and put the proceeds into the stock market. Timing was perfect.
 
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lube

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chgough34 said:
https://twitter.com/i/web/status/1815890333474947322

It’s almost as if perceptions of macroeconomic conditions and living “paycheck to paycheck” are functions of partisanship and expressive behavior related to political opinions instead of actual economic conditions. Wow.
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If it's all vibes, you wouldn't get more people lining up at the food banks YoY.
Maybe it's the big group of people who didn't benefit from wage growth or losing the COVID handouts being negative about the economy?

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chgough34

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lube said:
If it's all vibes, you wouldn't get more people lining up at the food banks YoY.
Maybe it's the big group of people who didn't benefit from wage growth or losing the COVID handouts being negative about the economy?

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Doesn’t explain why economic sentiment went vertical after Biden dropped out though or why sentiment was higher for decades throughout sustained periods of higher food insecurity
 
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