Auto/Economy
2:39 pm
Mon April 23, 2012

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.

 

This story was informed by the Public Insight Network. If you want to learn how to be a part of our network, click here.