I have most of my university fees already figured out, so I'd just pay off the rest and stick the rest into a bank for a rainy day.
Nothing that exciting.
Nothing that exciting.
I'm... confused. How would the "main" benefit be to people without debts? Debts mean you're literally in the negative. Anything you make is already owed to someone else, with interest to boot. The sad state of American education is that the majority of graduates (and especially post-grads going for masters) are in quite a bit of debt, and $15,657 USD would take a good chunk out of it.Nickolai77 said:I imagine the main 25 years old's it will benefit are those who didn't have a higher education. They'd probably put the money towards their first house, or a buy a new car or use it for holidays or whatever. I imagine most graduates however would simply use that money to pay off their debts.
I wonder what would happen first, your teeth falling out or your jaw falling off. A couple of packs of Skittles in a row and my jaw starts killing me.Total LOLige said:Obviously I'd buy £10,000 worth of Skittles and just eat Skittles until my teeth fell out.
I honestly can't see where you get the idea that anyone is well set at 25. Are you a teenager? I'm 26 and still work minimum wage. My parents could never afford to buy me a car or help me with any kind of college money, so those things have never been an option for me yet, as the cost of living takes 90% of my money on a consistent basis.Heronblade said:At 25 the majority of people are either reasonably well set financially, (making this an excellent but not usually critical bonus) or have proven to be... less than responsible with their funds. (in which case throwing free money at them is almost certainly not going to help, in some cases especially if they know it is coming)
There are people who lie in between of course, myself included, but I don't think that this group is large enough to make this a good idea.
Depends how you define "benefit". If i'm using the money to pay off my debt i'm not adding to my own material or social well-being by buying clothes, cars or taking a holiday for instance. Paying off ones debt is a separate type of benefit which doesn't directly improve one's well-being. Essentially which would give you more satisfaction? Using the 10,000 to buy a new car or paying of debt? Debts a financial obligation you have to pay whereas luxury goods more directly improve your well-being.AuronFtw said:I'm... confused. How would the "main" benefit be to people without debts? Debts mean you're literally in the negative. Anything you make is already owed to someone else, with interest to boot. The sad state of American education is that the majority of graduates (and especially post-grads going for masters) are in quite a bit of debt, and $15,657 USD would take a good chunk out of it.Nickolai77 said:I imagine the main 25 years old's it will benefit are those who didn't have a higher education. They'd probably put the money towards their first house, or a buy a new car or use it for holidays or whatever. I imagine most graduates however would simply use that money to pay off their debts.
That much money will help *anyone,* but I'd argue that it's worth most benefiting those with higher education by removing their debts (that, honestly, wouldn't be there in the first place if America's higher education system wasn't such a fucking joke). Past that, helping one guy buy a house is about the same as helping another guy buy a house.
Paying a debt. I would be extremely satisfied to not be in the negative all the time and knowing that if i were to stop getting income i would not loose my job. It is many times more important to me than the joy i would get by getting a vehicle that i would use to get from point A to point B more confortably.Nickolai77 said:Essentially which would give you more satisfaction? Using the 10,000 to buy a new car or paying of debt?
I think the "in between" group consists of the majority of indviduals. Speaking, of course as a super-stingy 25-year old from a poor family who is not financially well-off and possessing of a terrible job.Heronblade said:At 25 the majority of people are either reasonably well set financially, (making this an excellent but not usually critical bonus) or have proven to be... less than responsible with their funds. (in which case throwing free money at them is almost certainly not going to help, in some cases especially if they know it is coming)
There are people who lie in between of course, myself included, but I don't think that this group is large enough to make this a good idea.