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I have noticed around my neighborhood alot of adult children moving back in with their parents… Many of these neighbors are not happy at all with their moving back in! So lets ask the parents, would you let your kids move back? http://money.ca.msn.com/retirement/gordonpowers/when-adult-kids-move-back-home Nearly all boomers surveyed (93 per cent) have provided some form of financial support to their adult children. The list includes helping them pay for college tuition or loans (71 per [...] BEIJING (AP) — Visit your parents. That’s an order. So says China, whose national legislature on Friday amended its law on the elderly to require that adult children visit their aged parents “often” – or risk being sued by them. The amendment does not specify how frequently such visits should occur. http://hosted.ap.org/…/AS_CHINA_MANDATORY_ELDERLY_VISITS
 Ugly Q3 GDP Confirms Personal Consumption Collapsing from Zerohedge: …Sadly not even Sandy can be blamed on the collapse in consumption in Q3, for the simple reason that the Hurricane did not hit until 1 month into Q4. Perhaps it is Sandy’s fault it did not hit sooner. In the meantime, all those hoping that the US consumer is finally waking up from his slumber and is spending (on credit of course) [...] British tycoon Richard Branson stole the show here Wednesday, announcing that he and his family would be on Virgin Galactic’s first trip into space, as Airbus and Boeing eked out more plane orders. Branson was showcasing a full size mock-up of his SpaceShipTwo (SS2) aircraft at the biennial Farnborough airshow near London — a key event in the aviation sector calendar that typically sees planemakers Airbus and Boeing battle for orders. “Obviously [...] Two unidentified men paid $900,000 at auction for the Wyoming town of Buford on Thursday. Bids started at $100,000 A town advertised as the smallest in the United States has sold at auction for $900,000. Buford, Wyoming, is located between Cheyenne and Laramie in southeast Wyoming. Two unidentified Vietnamese men placed the winning bid for the town on Thursday during the 11-minute auction. As owners of the town along Interstate 80, they will get [...] From LA Times: Reporting from Elz, Germany— Every summer, Volkmar and Vera Kruger spend three weeks vacationing in the south ofFrance or at a cool getaway in Denmark. For the other three weeks of their annual vacation, they garden or travel a few hours away to root for their favorite team in Germany’sbiggest soccer stadium. The couple, in their early 50s, aren’t retired or well off. They live in a small Tudor-style house in this [...] A B.C. man who was abandoned as a teenager is being sued by his elderly mother for parental support. Ken Anderson, 47, has been fighting a lawsuit by his mother, Shirley Anderson, 73, since 2000. Shirley, who has not had a relationship with Ken or his two siblings for decades, is asking for $750 per month in support from each of them. A rarely used section of B.C.’s Family Relations Act says [...] By Phil Izzo, WSJ More people are living with family amid high unemployment rates and a slow economy, but while the phenomenon is keeping the poverty rate lower, it has wider negative economic consequences. In a presentation as part of its wider report on income, poverty and health insurance, the Census Bureau noted a big jump in the number of individuals and families doubling up. Census says 69.2 [...] By Steve Schmadeke Chicago Tribune First published Aug 27 2011 07:01PM Chicago • Raised in a $1.5 million Barrington Hills, Ill., home by their attorney father, two grown children have spent the last two years pursuing a unique lawsuit against their mom for “bad mothering” that alleges damages caused when she failed to buy toys for one and sent another a birthday card he didn’t [...] Sam Costanza for News The backlash comes as no surprise to Harlem Pride President Carmen Neely. A planned gay pride picnic in the heart of Harlem has put local church leaders in a tizzy, with one pastor vowing his family won’t leave the house on that day. “If children start to believe it is okay to be gay, they will think it’s okay to be a pedophile or have sex with animals,” said Dr. [...] This month, young adults across the nation are donning graduation robes and tweaking resumes, while parents ready their Canons and Kleenex. At the podium, guest speakers will motivate and inspire, but they will likely omit one tiny detail: Many of those grads will remain financially dependent on their parents for years. According to a new survey, 59% of parents provide financial support to their adult children [...] AP – A billboard lays collapsed on the ground after a tornado went through Friday, April 15, 2011 in Tuscaloosa, … BOONE’S CHAPEL, Ala. – Vicious storms and howling winds smacked the Deep South, killing at least seven people in Alabama including three family members whose homes were tossed into nearby woods. In Alabama’s Washington County, about 50 miles north of Mobile, a mother and her two children were among those [...] |
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