The best of the web on money, markets and all things financial, as chosen daily by Globe and Mail personal finance columnist Rob Carrick.
Help, I’m supporting my kids and my parents
Heard about the sandwich generation, which describes people who are helping to support both their aging parent and their own kids? Here’s a transcript of a radio interview with a woman who brought her aging father to live with her family in a two-bedroom house where her 23-year-old son also resides.
For parents of university age kids: Here’s a way to spend some money to save some money as your kids think about which university or college to attend.
Bribe, or should I say entice, them to stay in town and live at home by offering them the use of a car, or even their own used vehicle. Estimated vehicle cost: $8,000. Estimated cost of residence for one year: roughly $8,000.
Facebook faces a challenge
Set to go public on Friday, Facebook has experienced a slowdown in average revenue growth per user. Something to remember amid all the excitement over this highly anticipated initial public offering.
Young vs. the old
Have you read about those Quebec students demonstrating over rising tuition fees? That’s a backyard birthday party compared to what could happen in the United States if the needs of an aging population are allowed to overwhelm the government’s financial resources. Note: Canada’s government finances are in much better shape than in the United States, but we will face similar demographic pressures on government spending.
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