Tag Archives: financial crisis
Across the United States and around the world, the effects of the financial crisis continue to spread – foreclosures are widespread, banks are being taken over, stock markets are erratic, credit is frozen and bankruptcies are increasing. Even with the planned infusion of trillions of dollars by the government, no one can predict with certainty the long-term effects on the economy. Hope is building that the Obama administration will create solutions but most pundits agree that this collapse will not right itself in the near future. How is all this … Continue reading
Posted in extended family, intimate partner, your self
Tagged abuse, anxiety, Domestic Violence, economic turmoil, family, financial crisis, frustration
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Yesterday we looked at the new kind of boomerang living arrangements created as a result of the current financial meltdown. Sandwiched Boomers – as well as the generations before and after them – are moving into these situations in record numbers. Many positive results can come out of shared housing if you plan ahead. Today we have some tips to help take the sting out: Have a family meeting to set guidelines before you move in together. All of you need to be frank and honest about your needs. Each … Continue reading
Posted in parenting kids, sandwich generation, your self
Tagged boundaries, economic turmoil, family, financial crisis, housing, Sandwiched Boomers
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Families today are facing a new kind of housing crisis as the economy continues to spiral downward. When one spouse in a two-career marriage loses a job, making the monthly mortgage payment becomes difficult, especially for Sandwiched Boomers. Senior citizens who have been able to pay for housing from their retirement accounts find they must cut back on that expense when their retirement funds are down by 20%. When a mortgage that began with an artificially low interest figure calls for a rate increase or a balloon payment, the cost … Continue reading
Posted in sandwich generation, your self
Tagged economic turmoil, family, financial crisis, foreclosure, housing, mortgage, Sandwiched Boomers
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