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LOOKING FOR THREE GENERATIONS LIVING UNDER ONE ROOF The number of three-generation households has increased as a result of the recession. Have you and your spouse and/or kids moved into your parents’ home? Or have your kids recently moved back into your house? A national magazine is looking to talk to three generations who have recently decided to live together for a story on coping with this kind of arrangement. You will have to disclose some financials that relate to the situation (how mortgage costs are shared, etc.), but you will also get targeted financial advice from one of the country’s top financial planners about making this kind of transition work. If you’ve recently moved in with parents, had parents move in with you, or have been thinking about such a transition, send an email to Lauren_Kelleher@moneymail.com telling us why it happened and how it’s been working. Include a recent photo of all three generations, along with your names, ages, occupations and household income.
Yes, indeed the youngsters have been moving back to their parents to
live under the same roof. However, this has actually been happening
before the Semi-Great Recession. ie check out this link which is a
cooperator with AARP>
to learn more.
Actually, any Financial Advisor will tell us Grand Parents, if one wants to live on retirement, to not give money to our children.... Well, what loving parent could not give money and support to their children??? We did, plus refinanced our home... and of course, at least my youngest daughter and her three children are living with us....
So honestly, is this post truly for a National Magazine, or is it indeed to assist us old folks, who have helped their children, and NOW, due to the recession, are once again in Financial Trouble... ie credit card interest rates up to 30%.. How ridiculous... Banks don't want to see families get ahead... Otherwise, they would have lowered the interest rates...
So with an email address of Lauren_Kelleher@moneymail.com, are you really here to help??????