Posts tagged ‘fiscal cliff’

Demographic Winter

Demographic Winter

Demographics are such that few politicians are willing to tell US citizens we cannot afford the promises we have made, so the pretending continues.

Aging Population: Old Problem, New Reality; Reflections on Difficult Trade-Offs

A friend call me this morning as she pushed her four-month-old baby in a stroller. She had cut back to 4 days per week and hired a 40-hour/week nanny to cover her four 8-hour days plus commuting time. Given the cost of the nanny, the cost of commuting, and the reduction in her salary to $90,000 per year, the after-tax spending power boost she achieved by working was less than $15,000 per year. She did not like the nanny, local day care centers were all booked up, and her husband makes a good income, so she quit her job and will stay home with the baby.

Working parents will be flung off the fiscal cliff?

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