Monday, November 9, 2009

Annotated Bibliography 2

Hely, Susan (August 2008) What to do when your adult kids won't move out. Money Magazine. ninemsn.com

This article talks about how adult kids moving back home is a problem and why. It gives statistics, ages, example of how the age for men and women to get married is higher now than in 1981, and even examples of an overall average of how much more money parents spend per week to have their kids at home. It explains why this affects the parents retirement which is much closer of a time then the kids. It gives an example of a TV show called "The Nest" which gives 3 examples of families who have adult children living with them and the problems it imposes. Even the parents sometimes feel like house slaves since they don't dare ask their kids to do much now. He talks about how most baby-boomer parents of this situation had to start independently on their own and worked to have the lifestyle they have now so the kids also should do that.

Interesting quotes are the meaning of the new word "KIPPERS.It stands for kids in parents’ pockets eroding retirement savings."

"As well, living at home encourages a selfishness that grows and eventually they will become really bad partners and employees," says Dr Dina McMillan, a social psychologist

I will use these quotes to show how this effects the parents retirement and how it hinders children by encouraging them to become selfish.

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