Archive for the ‘Life Insurance’ Category
Many middle-aged adults are finding themselves caught between supporting their dependent children while looking after their aging parents.
This predicament places those in their 40s and 50s in a particularly difficult position from both a financial and emotional standpoint. So how can those in the Sandwich Generation survive without getting eaten alive? By planning.
A wake up call to American women! Maria Shriver pulls back the curtain on the new face of poverty – millions of working class women still struggling to get by fifty years after “The War on Poverty” began.
“The lines separating the middle class from the working poor and the working poor from those in absolute poverty have blurred. The new iconic image of the economically insecure American is a working mother dashing around getting ready in the morning, brushing her kid’s hair with one hand and doling out medication to her own aging mother with the other.
For the millions of American women who live this way, the dream of “having it all” has morphed into “just hanging on.” Everywhere they look, every magazine cover and talk show and website tells them women are supposed to be feeling more “empowered” than ever, but they don’t feel empowered. They feel exhausted.
Many of these women feel they are just a single incident—one broken bone, one broken-down car, one missed paycheck—away from the brink. And they’re not crazy to feel that way:
- Women are nearly two-thirds of minimum wage workers in this country.
- More than 70 percent of low-wage workers get no paid sick days at all.
- Forty percent of all households with children under the age of 18 include mothers who are either the sole or primary source of income.
- The median earnings of full-time female workers are still just 77 percent of the median earnings of their male counterparts.”