For evidence to suggest that middle-class parents might already be getting priced out of parenthood, look to the national birthrate. It fell sharply in the recession but, unlike in previous economic rebounds, has continued to drop. This makes sense in financial context, given that most families havent seen their incomes grow since the recovery began and the median net worth of households has actually fallen below what it was 15 years ago. Most families today dont have enough saved to meet basic needs for three months, let alone save for college or retirement.
Posted on: Sun, 19 Oct 2014 15:26:26 +0000
Trending Topics
Recently Viewed Topics
© 2015