Quote:
Originally Posted by $5 submissions
Awesome lecture.
Notice that this lecture took place before the Credit crisis and global financial meltdown of 2008
Warning: open mind, intellectual curiosity, and decent attention span needed  |
I will say this about her "family finance chart" :
True, but I think everything goes back to real-estate.
People need more money to rent or buy and thus need more education to land a
job with high pay. Education is even higher because the student has to pay for housing.
Businesses have to pay higher property leases and have to charge more.
Insurance companies have to charge more so they can cover the claimants mortgage/rent. People need a car because they can't afford housing close to their
job. People need two cars because they need two jobs to pay for the house that's
not close to the job.
etc......