Academic

SO IS THIS THE HOPE, OR THE CHANGE? For Many Families, Bad Times Require ?Doubling Up.? ?As they s?

By Glenn Reynolds

SO IS THIS THE HOPE, OR THE CHANGE? For Many Families, Bad Times Require ‘Doubling Up.’ “As they struggle to cope with a chronically weak economy that’s falling well short of replacing the 8.5 million jobs lost since 2007, a rapidly growing number of American adults are moving in with relatives in the hope of avoiding financial ruin. These aren’t just 20-somethings back living with Mom and Dad. Many are experienced, once-successful professionals, entrepreneurs and others ? like Sherry Shaffer and her husband, owners of a failed real estate business in Memphis who vacated their six-bedroom, 4,000-square-foot home in Tennessee for her brother-in-law’s attic in Pittsburgh.”

Full post as published by Instapundit.com on October 01, 2010 (boomark / email).