SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?


To: Wyätt Gwyön who wrote (8896)2/14/2003 2:20:59 PM
From: Jack of All TradesRead Replies (1) | Respond to of 306849
 
"then at least the vast majority of them are doing so because they couldn't afford their lifestyle otherwise."

So what you are implying is that they are possibly choosing to work to maintain the life style?

To think that a vast majority of americans are in debt to their eye balls and have to work is foolish IMO. Maybe I live in the statistical anomaly then. I would say that atleast 1/3 of my friends can survive one of the bread winners getting laid off for a extended period of time.

Additionally, you don't know what the extended family maybe able to offer for support. Sure they may have to move back in with Mom and Dad, but doesn't that generally happen at some pt where the parents end up living with the children as they age?

Myself if something happened where I got laid off and exhuasted my resourses, I have my family to fall back on. Not that I want to, but the option is there, just like I hope to be able to do for my children and my grand parents did for their children.

EDIT: Also, I know several women who prefer working then staying home with kids, some just don't have the patients to be stay at home moms like my wife...