3Changes in Financial Circumstances

Having Money Talks when Disaster Strikes—or when Good Fortune Comes Your Way

I’m living so far beyond my income that we may almost be said to be living apart.—e. e. cummings

It is always helpful to add a little humor to a serious situation, but pithy quotes aside, significant changes in a family member’s financial circumstances or a situation in which income and expenses have not been properly aligned is a serious matter. As we slowly come out of the Great Recession, the worst economic downturn since the Great Depression, economists and pundits are just now assessing the destructive impact of this tumultuous financial maelstrom on Americans.

More jobs were lost in the recession between 2007 and 2009 than in ...

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