Ready for your parents to move in with you?

The fallout of the economic crisis continues to hit families hard, but are you ready for your parents to move in with you?

We all know of 20 and 30 somethings moving in with their parents as they try to get on their feet and save money, but it appears that what goes around comes around.  As more and more retirees have seen their portfolios wiped out, the tough decision of how to make ends meet has come home to roost.

The tough decision to sell the home and move in with your adult children has become an option for many.  Of course this decision has many far reaching implications reaching beyond economics.

"What we're seeing here is they don't have confidence in what they think of as the public safety net ? a pension plan," says Paul Taylor of the Pew Research Center. "So they are reverting to the age old private safety net, and that's the family."

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About Anthony Candella

Anthony is the founder and Directing Attorney of YourCreditAttorney.com and has been helping consumers just like you understand and improve your credit and financial situation since 2003.