Adult Children Moving Home

Martina · 09-08-2013, 07:44 PM

Quote:

Originally Posted by Kelt

I think the other side of that coin is going to be seen as irresponsible parents, non-savers or those who could not, as well as some folks who had their financial ass handed to them just a few years ago and don't have enough time to make up for it, looking for a partial or full ride from their family in their elderly years. In that situation there's little hope that the elderly parent is going to be getting off their butt and finding gainful employment.

I wouldn't characterize older people without enough means to get through retirement as irresponsible. A lot of pensions have been reduced, especially medical benefits. Many people count on social security, but it is nearly impossible to make it on that. To have saved on top of paying into social security is really necessary, but a lot of people lost everything in the housing bust. Many folks' entire savings outside of social security were tied up in their homes, and many people lost their homes, not just those who took subprime loans. Or the homes are worth much less than they were before. Lots of hardworking people are underwater on their homes, and most Americans' wealth is tied up in their homes.

And a lot of people lost jobs in the recession. The jobs they got after that were not as good. Those who didn't lose their homes are living close to the edge. Bill Moyers does a good piece on this nearly every month. Millions and millions of Americans barely pay their bills every month.

And getting a job over 50? That is unbelievably hard for most people even in high demand fields.

Blade · 09-08-2013, 08:25 PM

I have to completely agree with Martina's post. I've lived it. My Grandma, retired from the state, at age 62. They continued to pay her medical insurance, and retirement until she died 2 yrs ago.

Mom worked for a company for 25 yrs and they folded, she was laid off at 63 yrs old, no company retirement, and 401 wasn't matched. She took a job at $5 an hour less for a few years before she got social security but it took her a while to find that job.

My best friend worked for the same company and was laid off as well she was 53 she just got a job this week. She took it for the benefits, the pay is much less than a managers pay.

My company use to pay for employee and dependent insurance. They no longer pay for either but do pay half of employee. Also as of 2007 anyone hired after 2007 does not get a retirement check from the company.

I surely don't live as high on the hog as I once could afford to, due to company cut backs and the addition of having to pay my own insurance. Has anyone mentioned the price of gas. My gosh I think it has doubled since my pay was cut and they sure don't add that into your cost of living raise. Guess that is another thread though.

So IMO Martina's post is spot on.

Kelt · 09-08-2013, 08:26 PM

Quote:

Originally Posted by Martina

I wouldn't characterize older people without enough means to get through retirement as irresponsible. A lot of pensions have been reduced, especially medical benefits. Many people count on social security, but it is nearly impossible to make it on that. To have saved on top of paying into social security is really necessary, but a lot of people lost everything in the housing bust. Many folks' entire savings outside of social security were tied up in their homes, and many people lost their homes, not just those who took subprime loans. Or the homes are worth much less than they were before. Lots of hardworking people are underwater on their homes, and most Americans' wealth is tied up in their homes.

And a lot of people lost jobs in the recession. The jobs they got after that were not as good. Those who didn't lose their homes are living close to the edge. Bill Moyers does a good piece on this nearly every month. Millions and millions of Americans barely pay their bills every month.

And getting a job over 50? That is unbelievably hard for most people even in high demand fields.

I was actually trying to be a little tongue in cheek. I agree 100% with you. I was implying that not all adult children who move back with parents are irresponsible just as older folks who lost it all in the recent economic slide are not irresponsible either. And no in no way would I expect an elderly person to go out and find work when people my age (52) are having an almost impossible time due to age already. I have several friends in impossible situations due to the very reasons you list.

I was highlighting some of the seemingly answerless problems we are facing. I was saying the same thing as you are here as an "other side of the coin", how a younger person could see it.

It's hard to convey tone in text.

Kelt · 09-08-2013, 08:44 PM

I come from a place of at least partial understanding.

I worked in one industry and was well rewarded for nearly 25 years. The bottom fell out of that so I went to college and reinvented myself for a shiny new career that lasted 8 years at less than half the pay. I am now faced with reinventing myself for a third time. This time with medical challenges, no insurance, and over 50 years of age. I have no family to call on.

I am trying to understand multiple perspectives and options (or lack thereof), not making light of anyones situation.

09-08-2013, 08:25 PM	#2
Blade Infamous Member How Do You Identify?: TG Preferred Pronoun?: He Relationship Status: once in a while someone amazing comes along...and here I am! Join Date: Jan 2010 Location: Down on the farm Posts: 5,501 My Photo Gallery Thanks: 9,855 Thanked 14,415 Times in 4,058 Posts Rep Power: 21474857	I have to completely agree with Martina's post. I've lived it. My Grandma, retired from the state, at age 62. They continued to pay her medical insurance, and retirement until she died 2 yrs ago. Mom worked for a company for 25 yrs and they folded, she was laid off at 63 yrs old, no company retirement, and 401 wasn't matched. She took a job at $5 an hour less for a few years before she got social security but it took her a while to find that job. My best friend worked for the same company and was laid off as well she was 53 she just got a job this week. She took it for the benefits, the pay is much less than a managers pay. My company use to pay for employee and dependent insurance. They no longer pay for either but do pay half of employee. Also as of 2007 anyone hired after 2007 does not get a retirement check from the company. I surely don't live as high on the hog as I once could afford to, due to company cut backs and the addition of having to pay my own insurance. Has anyone mentioned the price of gas. My gosh I think it has doubled since my pay was cut and they sure don't add that into your cost of living raise. Guess that is another thread though. So IMO Martina's post is spot on. __________________ Yeah so what if I'm triple dipped in awesome sauce? The best way to predict the future, is to create it.

09-08-2013, 08:44 PM	#4
Kelt Senior Member How Do You Identify?: Beach Butch Join Date: Oct 2010 Location: SoCal Posts: 2,751 My Photo Gallery Thanks: 19,765 Thanked 15,303 Times in 2,539 Posts Rep Power: 21474853	I come from a place of at least partial understanding. I worked in one industry and was well rewarded for nearly 25 years. The bottom fell out of that so I went to college and reinvented myself for a shiny new career that lasted 8 years at less than half the pay. I am now faced with reinventing myself for a third time. This time with medical challenges, no insurance, and over 50 years of age. I have no family to call on. I am trying to understand multiple perspectives and options (or lack thereof), not making light of anyones situation.