A Quick Math Problem
August 8th, 2007Everyone is always suggesting math should be more real world based. I thought I’d give a real world example:
Teacher “R” makes a lane change from Bachelors +15 (36,000) to Masters ($39,000). He loses roughly 40% in teacher retirement and taxes ($1200). His student loans go up $200 a month as he now owes more money ($2400). His rent has gone up $60 a month ($780) and like every other American he is now paying more for gasoline and food.
Given that teacher “R” is now making at least $1400 less than a year ago, how long will it be before:
1. Teacher “R” is unable to tell his kids a college education is worth it with a straight face?
2. Teacher “R” realizes he will not be able to save for a house or pay off his debt?
3. Teacher “R” is unable to continue in his career?
I hope this is the kind of math going on in the deliberations for our next contract…
