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Per the op, I think most people in this country who have want they want for themselves and their families, and believe they can sustain their lifestyles for the duration of their lives are probably happy with the country, and those who can’t, aren’t.

Imo, the turmoil we’re seeing in the political arena seems to indicate there are more people who aren’t happy with the the country than those who are, but I seriously doubt if anyone in any party is going to be able to fix that to the degree that anyone who is not happy will ever notice.

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From what I’ve read, although many of us late boomers do plan to leave substantial wealth to our kids, the highly discussed “wealth transfer” when broken down, will be concentrated at the top, and will only amount to a few thousand for most as it filters down. Here’s one interesting article on that topic:

http://www.barrons.com/articles/boomers-spend-their-kids-inheritance-on-supporting-them-1435313494

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[quote=svelte][quote=flyer]BG, don’t really know all of the exact reasons why my kids peers are making the decisions they are making, but it does seem a large percentage of college grads today (especially those raised in CA) don’t want to go where the jobs are.

Some, like your kids and my kids, are all set in CA, but, from what we’re seeing, that does not seem to be the case for a large percentage.[/quote]

Started both my kids out in engineering…they got bored and pursued different degrees. Both out of school this year and secured really nice jobs, one in SF and one in SD. Odd thing is I just noticed that, while they didn’t choose engineering, they are both using their great math skills.

Whatever makes’em happy, that’s what counts. If they like what they do, it’ll show and they’ll excel.[/quote]

Agree, svelte. Glad to hear about your kids. Our three kids couldn’t be more different from one another, and all are very happy in their careers.

They each love what they are doing, have homes, and are working on families. Since they are also in CA, we see them often, and are glad they’re not too far away.

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BG, don’t really know all of the exact reasons why my kids peers are making the decisions they are making, but it does seem a large percentage of college grads today (especially those raised in CA) don’t want to go where the jobs are.

Some, like your kids and my kids, are all set in CA, but, from what we’re seeing, that does not seem to be the case for a large percentage.

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Much of what you are saying is true, BG, but, over half of our kids friends who don’t want to move out of San Diego did receive college degrees, and then decided they didn’t want relocate for jobs.

They can’t get the jobs they want here, and they don’t want to move. Not a pretty picture for them or their parents.

In addition, others who have left for jobs have not been able to get back with comparable jobs, let alone buy homes when they do return.

Just passing on what we’re seeing.

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From my experience with our kids and their friends, getting the degree is a breeze compared to the challenges they’ll find in the job market–getting the job they want–where they want it.

Our kids were able to stay in CA, but many of their friends have been shocked to find they had to move out of state–in order to make their education pay
off–even with the “best” degrees. Imo, parents need to tell their kids the diploma doesn’t come with a guarantee.

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Might not be a very pretty picture for many. From a recent article on the topic:

“Stagflation is when you have stagnation in growth rates along with inflation in your day-to-day life. So there is a double whammy with stagflation.

There is no growth in the environment, which means no jobs or no real jobs with real growth behind it. Added to that sad state is a heavy dose of inflation. So as your wages hold steady, if you even have a job, the costs of living in all areas around you go up. This will ensure that your standard of living declines as time goes by. This is the stuff social revolutions are made of.”

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It’s true.

Have family in both Point Loma and Sunset Cliffs, and agents are constantly asking them if they want to sell.

In general, very few people who have the homes they want in the location they prefer are willing to sell. Most people we know are planning to pass everything they have along to their kids, so things might get even tighter in desired locations in the future.

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Congrats, flu.

It is a great feeling–enjoy it–and Happy New Year to all!

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Agree education is not a one-size-fits all. That’s where facing the realities of your kids strengths and weaknesses comes in, so you can better advise them concerning their real world options.

Imo, whether they attend college or not, if your kids can find a career they enjoy–in a place they can enjoy living their lives–that’s what really matters.

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Here you go cvmom:

http://www.businessinsider.com/best-computer-science-engineering-schools-in-america-2015-7

Our daughter received her MD from Harvard, and one of our sons an MBA from same. CS son graduated from Berkeley, and all are doing well.

However, as I’ve said on this forum before, with regard to “after graduation” realities–given equal educational opportunities–connections still seem to trump the degree, so networking is key.

Also, here are the acceptance rates at some of the schools mentioned:

School name (state) Fall 2014 acceptance rate U.S. News rank and category
Stanford University (CA) 5.1% 4 (tie), National Universities
Harvard University (MA) 6% 2, National Universities
Yale University (CT) 6.3% 3, National Universities
Columbia University (NY) 7% 4 (tie), National Universities
Alice Lloyd College (KY) 7.1% 30 (tie), Regional Colleges (South)
Princeton University (NJ) 7.4% 1, National Universities
Massachusetts Institute of Technology 7.9% 7, National Universities
United States Naval Academy (MD) 7.9% 9 (tie), National Liberal Arts Colleges
College of the Ozarks (MO) 8.3% 4, Regional Colleges (Midwest)
Brown University (RI) 8.7% 14, National Universities

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“Why wait for Christmas though for family togetherness or loving mood? It’s either there all the time or it’s probably fake.”

Agree. Christmas is all the time with us.

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We’re looking forward to another wonderful Christmas, and thank you for your wishes, sjk.

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Personally, I think not having to worry about finances as early in life as possible is a good thing. There is less stress in knowing that phase of life is taken care of for yourself and for your family, and it provides a lot of freedom in the way you live your life.

Although that scenario does provide greater peace of mind, it may or may not provide happiness. Imo, money may be a component of happiness–but it’s not the source. That lies far deeper in the human psyche, and is different for each person.

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Although we all think differently, it’s good to see that everyone here feels strongly about what they believe or don’t believe. Imo, it’s great that we all have that choice, which, in many places around the world, is not the case.

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