AreTeens out of touch with reality ?

This 15 year old kid
comes to my house to rake
leaves and ask's for $15 hour.
I said, " what planet did you
come from. I worked all my
life and $9.00 an hour
was top pay as a floral designer.
My husband had a degree and earned
$50 an hour for legal advise.
 This kid has popcorn between
his ears and a headset, and I am
trying to talk over a motorscooter
running and his dumb headset.

So yesterday on Moneyville, Madhavi wrote an interesting article called, 

Teens think they’ll earn $90,000 a year by age 30.”According to the National Report Card on Youth Financial Literacy (.pdf), high school graduates seem to be extremely disconnected from reality. Especially when you consider the results from a survey of over 3,000 recent Canadian high school graduates:The average survey respondent expects to earn $90,735 in 10 years; roughly three times the average income of 25 to 29 year‐olds with post‐secondary degrees ($31,648).

• The median survey respondent expects to earn $70,000 in 10 years.  However, the median income for a 25 to 29 year‐old with at least a high school diploma is $26,000.  Even among Canadians between the ages of 25 and 29 who have a post‐secondary degree, the median income is only $29,000.
• Now check out some comments from Madhavi’s Moneyville article:

• “These kids are in for a very
•  rude awakening.”
• “Sure, if minimum wage is raised
• to $45 an hour!”
• “Realistic? I think not. Since when
•  have teens been known to be realistic 
• about their expectations, in general?”
• “I’m not surprised. They have a sense
• of entitlement and the problem is,
• they now get coddled in University as well.”

• “For that kind of money you either need 
• to be a stock broker, sling crack rock, 
• or have a wicked jump shot. 
• Welcome to reality kids!”

• “This is a generation that has been sold a bill of goods:
•  Get a University education and you shall write your own ticket.
•  Most have never been denied a single thing, gotten everything
•  they’ve asked for and so much more. Fifteen year olds with $200
• sneakers and $75/monthly cell phone plans. Inflated grades for
• mediocre performances. It’s no wonder their expectations are so unrealistic.”

What have we created???
Well I agree, although a yard man just told me he
gets $45 an hour. I am wondering how a Senior citizen can survive.

Posted by Yvonne @ La Petite Gallery
Comments are welcome