A Millennial’s Musings on Leaving the Nest … Again

At 32, I didn’t expect to move into my mom’s basement. I also didn’t expect to miss it so much, now that I’m gone. I wrote about my living situation in October. My boyfriend, Joe, and I were just back from Thailand, where I finished my master’s degree and he taught at a university. With our belongings locked in storage, we — yes, both of us — moved in with my mom while we searched for jobs and found our …

Millennials Put Their Own Stamp on Parenting

Grandparents Day earlier this month sparked the observation that some of our adult children take a different approach to parenthood. This is not their childhood redux. The changes range from care and feeding to playtime and parenting philosophy. According to a study of more than 10 million millennial parents, 50 percent agree with the statement “I am raising my kids the way I was raised,” while another 50 percent disagree or are neutral to the statement. Their top concerns? Monitoring …

President’s Budget Would Trim Estate Exemptions

President Barack Obama’s proposals to increase middle-income tax cuts would come partly at a price to the estates of higher-income households. Under the new budget released Monday, the president calls for turning back the clock on estate taxes to 2009, when an individual could shelter $3.5 million — double that for married couples — from the federal estate tax. Currently, the exemption amount is $5.43 million per person. The top tax rate on estates would also go up under the president’s …

Why More Generations Are Living Under One Roof

So much for the empty nest. For decades, older Americans have shared the same roof with their adult children. Since the recession, millennials started boomeranging home, and staying and staying, often into their early 30s. In 2012, in fact, a record 57 million Americans – or 18.1 percent of the nation’s population – lived in multigenerational family households. That’s double the number in 1980, according to a new Pew Research Center study. >> Sign up for the AARP Money newsletter The multigenerational …

Not Enough Households Staying Warm With LIHEAP

Low-income households often face challenges in keeping pace with rising energy costs. A recent study shows that despite federal assistance amounting to $3.4 billion, in the winter of 2011-12 low-income households were left struggling to pay $35.1 billion in energy costs. The federal government helps eligible low-income households maintain adequate energy mainly through the Low Income Home Energy Assistance Program (LIHEAP). LIHEAP serves to protect eligible families by helping keep their homes warm during winter and cool during summer. Although …

More Grandparents Care for Grandkids, New Report Finds

Grandma’s house isn’t only a great place to visit. For a growing number of children, it’s a great place to move in during bad economic times. A new report from the Pew Research Center, “At Grandmother’s House We Stay“, found that grandparents were the primary caregivers for more than 3 million children in 2011, a 20 percent increase from a decade earlier. According to Pew, those numbers surged between 2007 and 2009, in the midst of the Great Recession. Contest: …