Although I live in Detroit, cradle of the auto industry, and thus have
anxiety attacks on a daily basis about what will happen if GM goes out
of business, we’ve been pretty insulated from the worst of the
recession so far. It’s more because my husband works in academia and I
am a freelance writer so it’s not like we had any money to begin with,
but I definitely feel lucky that we aren’t facing foreclosure or
significant loss of income (knock wood) like so many of our neighbors.
One
of the many things that breaks my heart about this recession is the
effect on kids. It’s not their fault, they didn’t make any of the
irresponsible decisions that helped bring the economy down, and yet
they are facing the loss of their homes, significantly reduced
standards of living and worse.
Teachers and school counselors are seeing an increase in mobility among lower income families due to the recession, and this was a group that already moved around a lot as their fortunes rose and fell.
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