Hope for your financial life and beyond

Moving Back In With Your Parents at 50? It’s Happening A Bunch

George Costanza living with parentsThis past weekend the LA Times published an article detailing the number of Californians age 50-64 who are moving back in with their parents. You heard that right. Middle-age adults (and their kids) living back at their parent’s home, perhaps occupying the same bedrooms they had as teenagers.

The big details of the study are this:

“For seven years through 2012, the number of Californians aged 50 to 64 who live in their parents’ homes swelled 67.6% to about 194,000, according to the UCLA Center for Health Policy Research and the Insight Center for Community Economic Development. That jump is almost exclusively the result of financial hardship caused by the recession rather than for other reasons, such as the need to care for aging parents…”

It’s not all that uncommon for adult children to live with aging parents. My aunt has been doing that for years with my now 100 yr. old grandfather, and it’s been a beautiful situation for the family. This arrangement most often happens because of a health issue or the desire for the elderly parent not to end up in a nursing home. So, parent and child come together again in a single home and the child serves as caregiver in their parent’s later years.

According to the study, these middle-age kids are moving back in with their parents because of hard economic times. They lost their jobs as the economy collapsed and are now finding it difficult convincing employers to hire them. They have exhausted their savings and simply have nowhere else to turn.

I have all sorts of thoughts and questions after reading this news:

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10 Clues That Reveal It’s Time to Change Your Job

Time to change written on piece of paper with gold switch

  How many job changes will the average person have in their lifetime? I have to admit being somewhat amazed when I went looking for the answer. The Bureau of Labor Statistics published a report in July of 2012 that tracked baby … [Continue reading]

God’s Giving Nature Shines Brightest On Easter

Hidden Nuggets Series #37 - "For God so loved the world that He gave His only begotten Son; that whoever believes in Him should not perish but have everlasting life."  John 3:16 Do you love to give? Ever wonder where that desire comes from? I'm … [Continue reading]

This Debt Relief Practice Was No Scam

letters on small tiles that spell out the words "Debt Relief)

Hidden Nuggets Series #36 - “At the end of every seven years you shall grant a release of debts. And this is the form of the release: Every creditor who has lent anything to his neighbor shall release it; he shall not require it of his neighbor or … [Continue reading]

How Shopping for Shoes Changed My Financial Life

Logo for financial literacy awareness carnival hosted by theheavypurse.com

It’s Financial Literacy Month and I’m pleased to be part of an awesome blog carnival today hosted by Shannon from The Heavy Purse. In case you are unaware, Shannon’s passion is all about helping parents raise financially confident and responsible … [Continue reading]

Teaching Kids About Money: 4 Age Appropriate Lessons

A young boy holds money in his hands

A major role of parenting should be teaching kids lessons about money. For many reasons, parents drop the ball in this area and raise children who carry an improper understanding of money into college and adulthood. This leads to challenges as the … [Continue reading]

Richness Breeds Arrogance But There Is a Cure

Two brown blocks spelling the word "Me"

Hidden Nuggets Series #35 - “Command those who are rich in this present age not to be haughty, nor to trust in uncertain riches but in the living God, who gives us richly all things to enjoy. Let them do good, that they may be rich in good works, … [Continue reading]

Cheer Up: Your Worst Day Wasn’t As Bad As This Kid’s…

young boy in sponge bob pajamas

  Some days are just simply brutal. You know the kind. You wake up late because your alarm didn't go off...and the car won't start. Hurried on the way to work, fighting crazy traffic...your mug leaks coffee onto your dress. At work, … [Continue reading]

Bad Personal Finance Habits Only Change When the Pain Spikes

Man sitting at desk with computer, hands on head

All of us are a mixture of logic and emotion. We think and we feel. The two interact continuously with one another - mind acting upon the emotions and emotions acting upon the mind. One of the toughest emotions we deal with is pain. We know it’s … [Continue reading]

7 Unfortunate Reasons People Spew Hatred at Dave Ramsey

Dave Ramsey seated in brown chair

It could be argued that Dave Ramsey has become the most influential financial voice of this generation. His radio program draws nearly 8 million listeners every week, placing him third in the talk radio genre behind Rush Limbaugh and Sean Hannity … [Continue reading]

Pain and Suffering Is No Excuse to Quit Moving Forward

Words move forward everyday with pen

Hidden Nuggets Series #34 - “To the present hour we both hunger and thirst, and we are poorly clothed, and beaten, and homeless. And we labor, working with our hands…” I Corinthians 4:11-12 If you are a regular reader of the Bible, then you know … [Continue reading]