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NITV Radio News - 23/07/2025
NITV Radio News - 23/07/2025

SBS Australia

time6 days ago

  • Politics
  • SBS Australia

NITV Radio News - 23/07/2025

Rock wallabies that were once believed to be extinct in Western Australia's Kalbarri National Park, are now thriving as the species is doing well due to the conservation and breeding programs run by the Nanda Traditional Owners and the Parks and Wildlife Service. Legilsation to cut student debt will be the first bill to be introduced in the 48th Parliament. The grandfather of a 24-year-old man who died in Northern Territory police custody says his community won't feel safe in public until they get justice. That and more on NITV Radio.

Millennials Are Sharing The Biggest Lies We've Been Told As A Generation, And Now I'm Depressed
Millennials Are Sharing The Biggest Lies We've Been Told As A Generation, And Now I'm Depressed

Yahoo

time23-06-2025

  • General
  • Yahoo

Millennials Are Sharing The Biggest Lies We've Been Told As A Generation, And Now I'm Depressed

Millennials were raised on promises of flying cars, stable careers after college, and the dream of owning a home. But here 2025, none of that feels remotely true. We're drowning in student debt, hustling through a gig-based economy, and watching Gen Z ironically recycle our baggy jeans, along with the rest of the early 2000s trends we wore unironically. While deep-diving through r/Millennials, I came across a post asking millennials to share the biggest lies they were told growing up. From participation trophies to the myth that turning on your car's cabin light at night is illegal, these responses pull back the curtain on just how many tall tales shaped our generation. 1."That millennials created participation trophies. I was 7 in 1988 when my summer baseball team placed second-to-last in league play, and every player was literally awarded a trophy. I PROMISE you, at the age of 7, I did not have the resources to order trophies for myself and all my teammates." –u/sacklunch 2."The food pyramid and the idea that different areas of the tongue taste different flavors." –u/Square-Hedgehog-6714 3."Take out student loans to pay for your degree, and you'll definitely get a job making enough to pay off the loans." –u/the-jish 4."You will write all your papers in college in cursive. Lmao." –u/Briebird44 Related: "That Sentence Sat In My Head For Months": Men Are Revealing The Most Hurtful Things A Woman Can Say To Them, And It's Actually Fascinating 5."If you're a good driver and don't have any claims, your insurance rates will decrease over time." –u/MillwrightWF 6."That our future was going to be so much better than our parents'. We were all going to be high paid white collar workers, and the economy was going to keep growing fast enough to make that a possibility for everyone. Lol, instead our life expectancy is going down while retirement age keeps going up and the economy isn't even keeping up with inflation." "I used to worry more about it, but I'm starting to think it's the boomers that need to panic as they lose control of the vote and the younger generations finally want their pieces of the pie." –u/SoggyGrayDuck 7."Quicksand is a common thing and knowing how to escape it will likely save your life one day." –u/akronguy84 8."Discussing your salary with coworkers is wrong." –u/jgasbarro Related: People Are Sharing How What Happened In Vegas Did NOT Stay In Vegas, And This Should Be A Lesson To Never Go To A Bachelor/Bachelorette Party There 9."Don't talk to strangers on the internet. Don't get in a stranger's car. Today, I use the internet to hail an Uber so I can get into a stranger's car. But really though, stranger danger was really overblown when we were kids and has made society more insular and crappy." –u/clothespinkingpin 10."'Hard work will bring success.' Total bullsh*t. This is literally what you tell exploited workers. They told our parents, and our parents told us, believing them." "From personal experience, it's all about how much you are liked and your ability to convince people to say yes when asking for more. I am at an executive level and manage people with certifications and better marks in school than I have. This wasn't because I was smarter or anything. It's because when I started here five years ago, I decided I was going to play the social angle, and it's surprisingly effective. I dressed like them, talked like them, and walked like them. It wasn't long before they considered me one of them and treated me as such." –u/jmirelesv3 11."That the United States was built on a system of checks and balances and that the President is not a king." –u/Liquid_1998 12."'You'll become more conservative when you're older.' That's bullshit." –u/ANotSoFreshFeeling 13."The Philadelphia Eagles will never win a Super Bowl." –u/Kindly-Leather-688 14."Be loyal to your job and they will stand behind you 100%. Cue the Great Recession early in my career…luckily, it showed me early on that loyalty to a company is BS. I'm loyal while there, but if I get an uneasy feeling at some point, I'm looking out for myself." –u/GeauxFarva 15."'Cellphones and the internet are rotting your brain. We don't allow phones in this classroom.' Fast forward to 2025, when you need a cellphone to order at a restaurant, and the internet to basically make money. Without either, you basically don't exist, but back in the day, you weren't allowed more than 30 minutes on a cellphone, if even." –u/Legal-Baseball9203 16."Turning on the car cabin light while driving at night is illegal." –u/poison-rationality 17."Video games will get you nowhere in life. Now I see teenagers and 20-somethings making six figures or more streaming online. It's wild how you can never really know the future (but act like you do)." –u/sstubbl1 18."That you couldn't eat a vegetable or fruit seed because a plant will grow inside of you (curious to know if this was something in other countries, too)." –u/Admirable_Green_1958 What do you think has been the biggest lie told to millennials as a generation? Share your thoughts in the comments. Note: Responses have been edited for length/clarity. Also in Internet Finds: Holy Crap, I Can't Stop Laughing At These 28 Painfully Awkward And Embarrassing Conversations Also in Internet Finds: I Need To Call My Doc For A New Inhaler After Cackling So Hard At These 41 Funny Tweets From The Week Also in Internet Finds: Here Are 50 Pictures That Make Me Grin Uncontrollably No Matter How Many Times I've Seen Them, In Case You Need Them

A College Degree Is No Longer a Risk-Free Investment
A College Degree Is No Longer a Risk-Free Investment

Bloomberg

time10-06-2025

  • Business
  • Bloomberg

A College Degree Is No Longer a Risk-Free Investment

My unifying theory of finance is that everything goes seriously wrong when people start seeing something — a bond, a mortgage-backed security, a crypto exchange — as risk-free when it isn't. Look at any financial crisis or minor blowup, and that's always where it starts. Lately I have been wondering if my hypothesis applies to areas outside of finance — specifically, to education. For years, a college degree was seen as a risk-free asset. It took money and time, but it was near certain it would pay off in the form of increased lifetime earnings. No wonder that we are in now in an education bubble: Lots of people went to college, studied things that aren't useful, and found themselves overwhelmed with debt. Many more can pay their debt, but work in jobs that don't require a degree anyhow.

Graduate School—Who Should Foot The Bill?
Graduate School—Who Should Foot The Bill?

Forbes

time02-06-2025

  • Business
  • Forbes

Graduate School—Who Should Foot The Bill?

Graduate students hold nearly half of all federal student loan debt—but receive the least attention in education policy. It's time for a shared solution. getty Higher education is dominating the headlines, whether federal funding cuts, DEI policies, research restrictions, or student debt. However, there is little focus on one student population being hit the hardest—graduate students. Students earning master's and doctoral degrees are essential to the academic ecosystem—they lead research, teach undergraduates, and advance innovation. Yet, graduate students are seeing their work and positions being stripped away. With fewer opportunities and the current administration along with Congress seeking to shift the burden of financing higher education away from the government and towards the private sector, individual colleges or the individual, concern is growing about the future of essential professions that require advanced degrees—doctors, scientists, lawyers, professors, and business leaders. Graduate students make up 16% of all borrowers, but they account for 47% of all loans provided by the federal government. This is roughly $39 billion in one year. So, who should be footing the bill for these advanced degrees: the government and taxpayers, corporations, or the individual? The answer depends on your rationale for education. If you believe education exists to enrich society and strengthen Democracy, graduate degrees clearly play a role. Those with advanced degrees are more likely to vote, volunteer, and be more civically involved. In fact, 64% of House members, 79% of Senators, and 20% of their staff hold graduate degrees. In 2023, 21% of all Federal workers held advanced degrees. As of this year at the state level, approximately 85% of those with the highest positions (Governor, Lieutenant Governor, Attorney General, and Secretary of State) held advanced degrees. In sum, those with this graduate-level education attainment are highly represented in the most influential offices of our Democracy and are among the most civically engaged citizens. Under this rationale, the government and taxpayers should share in the cost of graduate education. If you view education attainment primarily as a means for personal mobility, then graduate school plays a significant part in that outcome. The median salary for those with Master's, a Professional (Law, Medicine, etc.) or Doctoral (PhD) degrees in 2024 was approximately between $95,600-$123,000 a year compared to only $80,236 for bachelor's degree holders. While this varies by field, experience, and location, the premium for a graduate degree tends to be higher. Under this rationale, the benefit is primarily for the individual, and they should share in the cost of education. The third rationale is a bit more complex. As employers demand higher credentials, graduate education becomes less a personal choice and more a professional requirement. 16% of jobs will require a graduate degree by 2031 compared to 8% in 1983. If employers adhere to this educational ideology and desire workers to have graduate credentials instead of developing those skills internally, then, under this rationale, corporate America should share the cost of education. The truth is that we as a society expect education to do it all—advance individuals, strengthen Democracy, and power the economy. Yet we often forget the cost of preparing future generations. If we collectively want to share education's rewards, then we must also share the costs.

Thousands of retirees may soon see Social Security checks docked by 15% as Trump admin resumes collections
Thousands of retirees may soon see Social Security checks docked by 15% as Trump admin resumes collections

Yahoo

time26-05-2025

  • Business
  • Yahoo

Thousands of retirees may soon see Social Security checks docked by 15% as Trump admin resumes collections

For millions of older Americans relying on an embattled Social Security system to cover their bills, another financial gut punch may be on the way — and it's coming from their own student debt. Under a Trump administration move to resume collections on federal student loans, borrowers in default could soon see their Social Security benefits docked by as much as 15%, higher education expert Mark Kantrowitz told CNBC. Thanks to Jeff Bezos, you can now become a landlord for as little as $100 — and no, you don't have to deal with tenants or fix freezers. Here's how I'm 49 years old and have nothing saved for retirement — what should I do? Don't panic. Here are 5 of the easiest ways you can catch up (and fast) Nervous about the stock market in 2025? Find out how you can access this $1B private real estate fund (with as little as $10) That means retirees already living on fixed incomes could lose a big chunk of their monthly checks with little warning. And for the hundreds of thousands of borrowers 62 and older who have defaulted student loans — it could be an unhappy surprise in the mail. The government has long had the power to claw back a portion of Social Security benefits to repay defaulted federal student loans. But those collections were paused during the COVID-19 pandemic. The pause was extended under the Biden administration, but President Trump has restarted the clock. The Department of Education recently announced the administration will resume involuntary collections as early as June, meaning borrowers in default could once again be subject to wage garnishments, tax refund seizures and offsets to Social Security checks. And there's a big population at risk. Recent federal data shows that nearly 3 million people over the age of 62 hold federal student loans. The Consumer Financial Protection Bureau says more than 450,000 borrowers in that age group have defaulted on their federal student loans while receiving Social Security benefits. Many of these borrowers are parents who co-signed loans or took out Parent PLUS loans for their children and fell behind after job losses, medical expenses or other financial shocks, according to the National Consumer Law Center. 'Borrowers who receive these notices should not panic,' Nancy Nierman, assistant director of the Education Debt Consumer Assistance Program, told CNBC. 'They should reach out for help as soon as possible.' Read more: This is how American car dealers use the '4-square method' to make big profits off you — and how you can ensure you pay a fair price for all your vehicle costs If you're in default, the federal government can withhold up to 15% of your monthly Social Security benefit without your permission. The offset kicks in automatically, unless you act to stop it. If you get such a notice, it's important to know your entire benefit won't be wiped out. Federal law protects the first $750 per month of Social Security income from garnishment. But for seniors already scraping by, even a small deduction can have a devastating impact. The worst thing you can do is ignore the problem. If you're in default or nearing default, there are steps you can take now to reduce the risk of garnishment. First, you may be able to request a hearing or file a request to stop or reduce the offset. If you're facing medical issues, supporting dependents or already living below the poverty line, you can submit documentation proving financial hardship to the Treasury Department or its debt collection agency. Second, consider reentering good standing through loan rehabilitation or consolidation. These programs allow borrowers to make a series of small payments to bring their loans out of default. Once you're out, you're no longer at risk for Social Security offsets, but you have to act quickly. Loan rehabilitation typically requires nine monthly payments, and the process can take several months. If you're still working and planning to retire soon, Trump's repayment effort should be a wake-up call. Retiring while in student loan default is now risker than ever. For some, it may make sense to delay retirement until the loan is resolved, especially if garnishment would push you below your living threshold. You might also need to rethink your savings strategy. If your retirement income plan was built around a full Social Security check, it's time to reassess. You may need to increase 401(k) or IRA contributions, trim expenses or explore additional income sources to make up the shortfall if garnishment kicks in. And for those still in the workforce with aging loans, now is the time to check your status. Are your loans in good standing? Are you on an income-driven repayment plan? The answers to those questions could make or break your retirement security. Want an extra $1,300,000 when you retire? Dave Ramsey says this 7-step plan 'works every single time' to kill debt, get rich in America — and that 'anyone' can do it Rich, young Americans are ditching the stormy stock market — here are the alternative assets they're banking on instead Robert Kiyosaki warns of a 'Greater Depression' coming to the US — with millions of Americans going poor. But he says these 2 'easy-money' assets will bring in 'great wealth'. How to get in now Here are 5 'must have' items that Americans (almost) always overpay for — and very quickly regret. How many are hurting you? This article provides information only and should not be construed as advice. It is provided without warranty of any kind. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

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