| Time to talk to our children. |
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| Weekly Blog Entries |
| Written by Cathy Cavanagh |
| Sunday, 02 August 2009 20:48 |
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Those of us that survived the 80's (19% interest rates, recession, stock market decline etc.) need to talk to our children. There are a lot of 30 somthing's that are really struggling accepting what is happening to their financial positions right now. Believe it or not, there are a lot of them that have great jobs, are making a good living - not huge - but good, but they are still really discouraged. Their first homes they proudly purchased a few years ago are typically worth less than they paid for them. They can still comfortably make the payments, they are not in financial trouble. However, they are discouraged and depressed. We need to remember that all of us survived the 80's and life went on - rather well. I honestly believe this will happen for out current successful 30 somthing's. It will take 4-5 years (which it did int he 80's) but it will happen. Don't forget to let them know.
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