USA Today articleNewsweek article, companion piece.
Lots of stuff in there that's scary, especially since I may buy a house with my boyfriend in a year or two. I totally question the whole conventional wisdom of buying a house anyway, although I'm not sure of a better way to build equity either.
― teeny (teeny), Monday, 15 September 2003 16:42 (twenty-three years ago)
. Rather, the people who consistently rank in the worst financial trouble are united by one surprising characteristic. They are parents with children at home. Having a child is now the single best predictor that a woman will end up in financial collapse.
Consider a few facts. Our study showed that married couples with children are more than twice as likely to file for bankruptcy as their childless counterparts. A divorced woman raising a youngster is nearly three times more likely to file for bankruptcy than her single friend who never had children. (from the excerpt)
...so what to do? ... Don’t have kids. A drastic choice, but you’ll have more options on where to live. Good public schools are now for the moneyed class. (from Quinn's commentary in Newsweek)
― teeny (teeny), Monday, 15 September 2003 16:46 (twenty-three years ago)
― nickalicious (nickalicious), Monday, 15 September 2003 16:50 (twenty-three years ago)
this is the factorthat might keep us foreverhere in Madison;
everywhere elsemore affordable, house-wise--but the schools are "eh"
― Haikunym (Haikunym), Monday, 15 September 2003 16:52 (twenty-three years ago)