US economy- homecoming time!


	US economy- homecoming time!

psyberg

3-24-2008 12:00 AM

112 views

tags:

us economy, economic slump

psyberg says:

The economic crunch is getting worse..

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<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://www.clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/29f390e7-91fe-47ab-baa4-fc7d15e4d706/D8190831-3583-4DD7-8F32-8A65FA94D33A/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://news.yahoo.com/s/ap/20080321/ap_on_bi_ge/living_with_parents" href="http://news.yahoo.com/s/ap/20080321/ap_on_bi_ge/living_with_parents" style="font-size: 11px;">news.yahoo.com</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://news.yahoo.com/s/ap/20080321/ap_on_bi_ge/living_with_parents">Taking shelter with parents isn't uncommon for young people in their 20s, especially when the job market is poor. But now the slumping economy and the credit crunch are forcing some children to do so later in life — even in middle age.</blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://news.yahoo.com/s/ap/20080321/ap_on_bi_ge/living_with_parents">Financial planners report receiving many calls from parents seeking advice about taking in their grown children following divorces and layoffs.</blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://news.yahoo.com/s/ap/20080321/ap_on_bi_ge/living_with_parents"><P>Kim Foss Erickson, a financial planner in <SPAN id="lw_1206139794_0" class="yshortcuts">Roseville, Calif</SPAN>., north of <SPAN id="lw_1206139794_1" class="yshortcuts">Sacramento</SPAN>, said she has never seen older children, even those in their 50s, depending so much on their parents as in the last six months.</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://news.yahoo.com/s/ap/20080321/ap_on_bi_ge/living_with_parents"><P>Parents "jeopardize their financial freedom by continuing to subsidize their children," said Karin Maloney Stifler, a financial planner in <SPAN id="lw_1206139794_2" class="yshortcuts">Hudson, Ohio</SPAN>, and a board member of the Financial Planning Association. "We have a hard time saying no as a culture to our children, and they keep asking for more."</P></blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;">&nbsp;</td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/D8190831-3583-4DD7-8F32-8A65FA94D33A/blog/" title="blog or email this clip"><img src="http://content8.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>

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