Tag Archives: student loans
Sandwich Generation Roommates
Baby Boomers are joining the ranks of the Sandwich Generation in droves, with multi-generational households on the rise. As the children of Boomers struggle with a financial trifecta of the still sagging economy, high student loan debt and underemployment, many Millennials are returning to the nest as Boomerang Kids. At the same time, Boomers’ aging parents are feeling a financial pinch as their retirement incomes dwindle, causing some to make changes in their housing. Boomers who had dreamed about enjoying an empty nest may instead find themselves hosting their parents … Continue reading
Posted in adult children, aging parents, sandwich generation, stress, well-being, your self
Tagged " adult children, aging parents, Baby Boomers, Boomerang kids, caregiving, economy, family meetings, KNX Sandwich Generation Forum, Millennials, multigenerational housing, Sandwich Generation, student loans
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Families Cope with College Expenses
College tuition in the United States, one of the most expensive in the world, has increased an average of 50% in the past ten years, significantly affecting the budgets of families of Millennials across the country. And today 40 million graduates themselves are saddled with at least one loan – at an average of about $30,000. Total student debt has risen to over $1.2 trillion, affecting the ability of Millennials to move forward with other major purchases and causing many to return home as boomerang kids. Although a college education … Continue reading
Posted in adult children, parenting kids, your self
Tagged Boomerang kids, budget, college debt, college degree, community college, economy, job, Millennials, Pell grant, scholarship, student loans, tuition
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The Positive Qualities of Millennials
If you’re the Mom of a Millennial or have a boomerang kid back home, you must know they don’t all fit into a single category. Yet the media continues to describe that generation as lazy, outspoken, with a sense of entitlement. Sure, they also mention the huge student loans, poor job market, and stagnant wages. But labels make you wonder about the credibility of the source. The financial collapse caught Baby Boomers by surprise and impacted the growth of their emerging adult children. Now, still, too many Millennials are not living … Continue reading
Millennials and Faith
Millennials continue to create their own path to adulthood. A Pew Research Center survey indicates that they are less likely than any other generations to be affiliated with a traditional faith or attached to religious institutions. Only 58% say they are certain that God exists. Moving beyond the walls, they’re finding unrestricted networks where every tribe is represented and no one is left out. Some have lots of questions and, without definitive answers, are engaging with others and encouraging dialogue. As digital natives they continue these discussions, collaborating and feeling connected through … Continue reading
Posted in adult children, parenting kids, stress, well-being, your self
Tagged Boomerang kids, God, meditation, Millennials, path, Pew Research Center, Pope Francis, prayer, religion, spirituality, stress, student loans, Vatican
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