Tag Archives: financial crisis
Educate Yourself
With the G20 meetings scheduled this week to focus on the global economic crisis, Sandwiched Boomer families continue to be hit by the recession and job losses. If these changes are hitting close to home, here are two tips to help you get started on building flexibility into your family: Educate yourself about family finances. Get involved with the family budget as you seek out ways to reduce your expenses. Keep track of minor expenditures that can add up, like dinners out, entertainment and credit card interest rate costs. Think … Continue reading
Posted in sandwich generation, your self
Tagged anxiety, budget, credit card debt, depression, drinking, economic turmoil, family, financial crisis, G20, gambling, job loss, Sandwiched Boomer, stress
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Families in Financial Flux
As Leo Tolstoy put it in Anna Karenina, “Happy families are all alike; every unhappy family is unhappy in its own way.” And what about other family traits? Are families who are flexible all flexible in the same way? And are rigid families each set in their own ways? Today, families are being shaken up in record numbers as financial turmoil hits home. With all the job-related uncertainties facing them, families must be able to make changes in order to adjust to the current economic climate. They may even need … Continue reading
Posted in sandwich generation, your self
Tagged economic turmoil, family, financial crisis, flux, job loss, recession, Sandwiched Boomers, women, workplace
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Recover from Financial Panic by Investing in Yourself
The financial crisis has affected many people and involved losses on many levels –jobs, income, money in the stock market, a certain comfort level, retirement funds, a sense of security, dreams for the future. And, inevitably, these feelings of loss are accompanied by a period of grieving. Ever since Dr. Elizabeth Kubler-Ross first identified the stages of mourning in her seminal book, “On Death and Dying,” bards, mental health experts and pundits have waxed philosophical about this process. These stages are universal and can relate to any catastrophic personal loss. … Continue reading
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Tagged anger, depression, economic turmoil, financial crisis, Kubler-Ross, loss, mourning, Sandwiched Boomers, stock market
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Boomers and Pay Caps
President Barack Obama plans to impose a pay cap on executives whose firms receive government financial rescue funds. It’s shocking that some companies have given out bonuses while receiving government aid. As sandwiched boomers, you may be in the midst of making some critical decisions yourself. Here are some ideas that may help in the midst of this financial crisis. Get to know the subconscious money script that you learned in childhood from your parents. If your family was extremely frugal, you may follow their example and have the same … Continue reading
