The recession has created a new trend: adults moving back in with
their parents. According to AARP, these 'blended' multigenerational
households have risen to 24% of the nation (representing a total of 6.2
million) between 2000 and 2008. Additionally, an astonishing 77% of
college grads move back home after completing their education
(according to a 2008 CollegeGrad.com survey, up 10% from 2006's survey
results). These 'boomerangers' (or returning 20-somethings) are being
joined by 30 and 40-year-olds, along with their spouses and families. One
issue receiving media attention is adjusting to the relationship
between parents and their children in this situation. Rather than
relating to each other as adults, family members may revert back to old
patterns of behaving and relating. The keys to successful blending?
Respect and communication. If parents and children can communicate with
each other about their issues and respect each other, these households
can benefit from having the perspective of multiple generations pulling
together in tough times.[ Read More]
Written by eldering at News
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 By Jim Selman | Bio
I was reading an interesting article by a
prestigious think tank this morning that was saying perhaps the
‘recession’ isn’t as black or white as most of us make it out to be and
that it most certainly isn’t as bad as conventional wisdom and media
hype would have us believe. I noticed I felt a little better after
reading it, but then I wondered why my mood shifted so easily based on
only one article. Tomorrow I could read a darker scenario by another
equally reputable authority and feel depressed. Some days I am
optimistic and some days I am pessimistic. This came as a bit of a
surprise, since one of the tenets of my work and what I teach is that
‘pessimism’ and ‘optimism’ are counter-productive concepts—assessments
based on attempting to predict an unpredictable future.[ Read More]
Written by eldering at Fearless Aging
Tagged with:
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 By Jim Selman | Bio
It’s getting hard to stay ‘upbeat’ in the
face of all the economic news. The line between a recession and
depression is blurring more and more each day. It seems pretty obvious
that we’re entering what will be a long road to some sort of
prosperity. The old joke about a recession is when your neighbor loses
his or her job and a depression is when you lose your job isn’t so
funny anymore. I learned today that China is embarking on an official
policy of selling directly to U.S. consumers bypassing the
middlemen—and that means even more pressure on the economy if they pull
it off. The bottom line is that the American Dream will evade more and
more of us and, in particular, the dream of living a life of leisure
after retirement will evade most Baby Boomers. [ Read More]
Written by eldering at The Great Turning
Tagged with:
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recession
I remember having conversations about real estate prices 7 or 8 years
ago, particularly on the West Coast. “How can prices keep rising and
where does all the money come from to buy these properties?” A house I
sold in 1997 resold in 2005 for four times what I sold it for! I am not
an economist, but something didn’t seem right to me about this kind of
never-ending upward spiral. My ex-wife sells homes and told me people
were getting into million dollar properties with little or no down
payment. Even so, I couldn’t afford to buy into most of the residential
areas that I would want to live in. As a result, I lived on a boat
which, while pricey, was a whole lot more affordable than a condo in
the same town where the boat was moored. We’re reading about the bubble bursting, the credit crisis and the
coming recession as if they are news. What did everyone expect?[ Read More]
Written by eldering at The Great Turning
Tagged with:
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I have been having a lot of ‘state of the economy’ conversations
lately. The consensus is that we are going in the wrong direction and
the only question is how long, how deep and how prepared we are for the
long haul. I made the observation that the economic consequences of a
recession are only part of the problem. A recession is a trust issue.
When credit dries up, it means that lenders don’t trust the borrowers
to keep their commitments. It creates a kind of double-bind. Here is
how it works.[ Read More]
Written by eldering at The Great Turning
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