In previous blogs, the various consequences of the current economic recession were discussed: a few months ago I talked about how relationships are affected by this serious economic downturn, and how people are affected by losing their homes. Most recently I discussed the psychological impact of having to move back home and having to borrow [...]
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In these very trying financial times, it is not uncommon for individuals and families to run out of money and become desperate for financial help. Borrowing money from people they know is something most of people dread to do, so they try everything possible and leave this option as the very last. Most people who [...]
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An increasing number of young people are moving back home with their parents, mainly due to financial reasons.
Even before this recession occurred, the percentage of adult children moving back home was on the increase in this country. A New York Times survey indicates that between 2000 and 2008 the number increased by 32% nationwide (New [...]
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