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Jim,
We are off topic a bit.
I disagree with your point - "Teachers are underpaid" but, I agree- Parents are the ones who guarantee that a child has the educational experiences (not necessarily formal school) to succeed. Parents educating their Kids about money is the only way to prevent financial manias.
I completely disagree that Teachers are underpaid - they were once under paid. Myths never die in our society. Most teachers are accrueing a Pension benefit that will provide them a much better retirement than their slightly higher earning/401K plan friends. Most of the teachers 401K plan friends will mis manage their 401K plan and not be prepared for retirement - survive in times of layoffs and downsizing. All the teacher must do their time and stay in good health (luckily we tax payers provide them with first class/cheap - lifetime health insurance).
Read: http://www.nytimes.com/2005/05/15/ny...gewanted=print
From the article:
"One in 12 teachers in Nassau, Suffolk, Westchester, Rockland and Putnam Counties now earns more than $100,000, and the ranks are growing fast, according to an analysis of state data by The New York Times. On Long Island from 2001 to 2003 (the most recent figures available), the number grew fivefold, to 2,800, including 498 elementary school teachers, 29 physical education teachers and 83 kindergarten teachers."
$100K for teaching GYM - We Taxpayers are out-to-lunch.
My Dad was a teacher before, and after Unions, my mother, my sister, my grandmother, my grandfather, and two Aunts were also teachers, Many Government jobs are overly compensated when you porperly account CASH value of all the benefits. Perhaps Municipalities going bankrupt will adjust this mis-allocation of capital in the future.
Lucky for the government employees - people generally don't understand finance or numbers.
We are off topic a bit.
I disagree with your point - "Teachers are underpaid" but, I agree- Parents are the ones who guarantee that a child has the educational experiences (not necessarily formal school) to succeed. Parents educating their Kids about money is the only way to prevent financial manias.
I completely disagree that Teachers are underpaid - they were once under paid. Myths never die in our society. Most teachers are accrueing a Pension benefit that will provide them a much better retirement than their slightly higher earning/401K plan friends. Most of the teachers 401K plan friends will mis manage their 401K plan and not be prepared for retirement - survive in times of layoffs and downsizing. All the teacher must do their time and stay in good health (luckily we tax payers provide them with first class/cheap - lifetime health insurance).
Read: http://www.nytimes.com/2005/05/15/ny...gewanted=print
From the article:
"One in 12 teachers in Nassau, Suffolk, Westchester, Rockland and Putnam Counties now earns more than $100,000, and the ranks are growing fast, according to an analysis of state data by The New York Times. On Long Island from 2001 to 2003 (the most recent figures available), the number grew fivefold, to 2,800, including 498 elementary school teachers, 29 physical education teachers and 83 kindergarten teachers."
$100K for teaching GYM - We Taxpayers are out-to-lunch.
My Dad was a teacher before, and after Unions, my mother, my sister, my grandmother, my grandfather, and two Aunts were also teachers, Many Government jobs are overly compensated when you porperly account CASH value of all the benefits. Perhaps Municipalities going bankrupt will adjust this mis-allocation of capital in the future.
Lucky for the government employees - people generally don't understand finance or numbers.
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