Research has shown that millennials are expected to be the first generation to earn less money than their predecessors. Currently, millennials (those individuals born between 1980 and 2000) are expected to earn less than Generation X (those individuals born between 1966 and 1980). In the U.S., the financial trend has been upward for each new generation for the past 100 years. The millennials will be the first generation to break that economic trend. The primary reason is the market crash in 2007-2008, the subsequent slow economic growth in the United States, rising costs, and the degree of student debt. Even the current events, like the financial troubles within Europe and the Brexit vote, are expected to hurt, not help, any possible trend toward higher wages. The current global conflicts, including ethnic/ religious conflicts and terrorism, are likely to lower economic growth for the millennials. The challenges for the millennials goes beyond money. Yes, they are going to spend more money on rent than any generation. Yes, they are going to be buying their first house later in life than any generation. Yes, they will face a greater struggle to set up future retirement and future financial security, requiring [...]
Instead of a blog for this week, I wanted to share a radio / podcast interview, which I completed in Australia. If you are interesting in the challenges of being a parent, this interview should hit several important issues, including prioritizing your time and assessing your skills. Here is one LINK for the interview, which can be found on the Internet. Here is ANOTHER LINK for the interview, which can be found on iTunes. Again, I hope this discussion proves to be of value for any parent who is currently searching for ways to become a better parent with better parenting results and a closer relationships with their children. Let me know if the discussion helps.
If you have been following my web site, the last two blogs have focused on the death of my mother and my realization that I was mourning more than my mother; I was mourning the parts of my mother that I never got the chance to know. With that as my motivation, I perused my mother’s high school diary. Here is an entry from 1938. You tell me what I have learned … “My eighteenth birthday will always be on one of the happiest days of my life. Early in the morning my Dad rushed into my room and gave me eighteen dollars and eighteen whacks. Then my brother sneaked in his present and asked me how I felt after eighteen years of insanity. He gave me the darlingest lapel gold clip with five charms, representing a street scene. At school everyone commented how nice I looked. I had on a navy blue swing skirt with a red linen blouse. Over it, I wore a navy blue jacket, which had white Chinamen faces with top hats printed on it. I put a blue bow in my page-boy style hair to complete the ensemble. At school we received our [...]
Here is what I said at my mother's funeral on June 11, 2016 As I stand here next to the flowers, the urn, and the picture of my mother, I am reminded that I stood in this exact same spot in 2007, nine year ago. That was at the funeral of my father. In some ways, it seems like an eternity ago; in other ways, it feels like it happened just yesterday. With my father’s death, I experienced an unusual reaction. I was bombarded with forgotten memories of my dad. It was as if the neurons in my brain were randomly firing, primped by my grief. They left me with a clear message of my father's true value. There was a score of these long-since forgotten memories, but let me share three of them. I remembered an incident where I threw up beside some mountain road, probably around the age of 4-5. I could not recall any details, but I recalled the feel of my dad’s hand, as he leaned me forward so I could throw up onto the dirt. I also remembered a car accident around the age of 9. When the green light came on, we [...]
A mother’s death is universal, but it is similar yet different for each of us. For this reason, I want to share the night my mother (age 96) died and what I learned from that loss – with the hope that my reaction strikes a chord, perhaps helping you gain an expanded perspective of yourself and life itself. Let me set the stage. In a 4-5 month period my mother experienced the following sequence of events. She fell and broke her hip; she needed hip replacement; and then she received 6 weeks of physical rehabilitation care. Once stabilized, she returned home. Within several weeks she fell again, breaking her spine with a compression fracture of L-1. For that injury, at her age, there is no chance for a complete recovery. However, they sent her to another 6 weeks of physical rehabilitation treatment. Back to a new, lower baseline, she returned home. Once again, she fell. Only this time she suffering a cerebral bleed deep in the brain, compromising her ability to swallow, making it a challenge to drink and eat. Of course, they sent her to another round of physical rehabilitation care. Halfway through her treatment, the facility [...]