A Note From the Guest Coordinator
unemployment, recession, family, marriage
Many are familiar with the financial ruin the recent recession effected: U.S. unemployment above 10%, foreclosure rates at all time highs, and multitrillion dollar investment and home equity losses. Behind the easily calculated financial costs of the recession, though, are costs that are less easily defined—the individual and family costs. For example, home foreclosures likely exacerbated stress for many families. Unemployment probably took its toll on cohabiting and married couples' relationship quality. Finally, as older individuals watched retirement savings dwindle, many may have postponed retirement—some perhaps indefinitely.
Original Publication Citation
Dew, J. P. (2010). Introduction to finances, families, and hard times. Family Relations, 59. 341–342.
BYU ScholarsArchive Citation
Dew, Jeffrey P., "A Note From the Guest Coordinator" (2010). Faculty Publications. 4501.
Family, Home, and Social Sciences
Copyright Use Information