Work + Money

Friday, July 4, 2008

5 reasons we're falling behind our parents

Getty Images

Getty Images

Nan Mooney's book "Not Keeping Up with Our Parents" describes the decline of the professional middle class in America and points to a few key reasons our generation is faltering when it comes to money-matters.

Apparently, it has little to do with cutting out lattes:

1. Homeownership no longer means stability -- We may own houses, big houses, but we own less of them as a percentage than prior generations.

2. The dual-income trap -- Since wages have stagnated, it now usually requires two incomes to make ends meet. Add to that the high cost of child care and the problem continues.


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  • troubled*'s Avatar
    Posted by troubled* Mon May 19, 2008 8:32am PDT

    I'm being screwed by my car loan company. What can I do?

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