Changing Expectations: A second income is essential, but what about a third?
Changing Gears is partnering with Michigan Radio to collect stories about how people are planning ahead in light of the recession.
Josh Eikenberry writes:
Because I got through college, I’ll probably be slightly better off economically than my parents, who only graduated high school.
On the other hand, the generation after me is doomed; college tuition and a rapidly changing economy requiring less workers means no chance to improve or make money, and the (probable) lack of a social safety net just adds to the gloomy picture facing my generation’s kids.
A second income is essential to any household. We have three. I work, my wife works, and on the weekends I work as a photographer. I’m iffy about kids, primarily because I don’t think I could realistically afford them. Maybe someday I’ll have enough saved to buy a house, but I’m not holding my breath.
All I ever wanted was an office job. I have that now, so now I just want to pay of my debt and enjoy my life with my wife.
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