September 2011 report by the U.S. Census Bureau revealed that the U.S. poverty rate now is more than 15% of the population. That is the highest that the poverty rate has been in over 50 years.
As if that were not bad enough, economic conditions are predicted to worsen soon. In March of 2012, for example, John Paulson, a billionaire hedge fund manager, told the New York University club that we soon can expect double digit inflation. That already seems to be starting with the price of gas and now food spiraling ever upward.
The bad news is that those preppers who already are financially stressed need to quickly make some lifestyle changes to lower their living expenses. The good news is that, when preppers’ families have parents, adult children, and grandchildren living together, preppers can save money in many ways. For example:
- Family motorists can sell one or more cars and double up on the use of the remaining car, especially if family wage earners can use carpools or public transportation.
- Retired parents can save their adult children expensive childcare costs by taking care of their preschool grandkids.
- Adult, unemployed children can be caretakers of their parents and can save their families the costs of nursing homes.
- Each family will pay less money for shared housing, utilities, and property tax expenses.
- Bulk purchases of groceries will be cheaper.
- Retired parents will have the time and flexibility to clip coupons and to go to sales, even those during the 9-5 work day.
Saving money in this way has multiple advantages. These savings can allow preppers to get out of debt and to avoid it in the future. Also, with the extra money, preppers can afford to stockpile the food and equipment they will probably need someday.
There also are many non financial advantages to extended family living. Some examples are that:
- Retired parents can lower the stress of their working children by doing household chores such as shopping, cooking and cleaning.
- Retired parents can supervise their grandkids between the time when the grandkids are out of school and when the parents come home from work.
- The family home usually will be occupied continually, thus discouraging burglars.
- A city, county, state, or international crisis will not require risky travel to unite the family.
Only recently in our national history has nuclear family living seemed normal. Until very recently, multiple generations of families usually lived together under one roof.
The past seems to be repeating itself. Multi-generational families are back. According to the U.S. Census Bureau, between 2005 and 2011, the number of young men living with their parents increased from 14% to 19%, and the number of young women living with their parents increased from 8% to 10%. There also is a similar trend that involves parents moving in with their children.
In family unity there is strength. Tap into this strength during the coming hard economic times.
Daniel Vale has a black belt in Seibu Kan Karate and has taught three credit self-defense courses at three colleges and universities. Over the years, he also has worked as a police officer, caseworker, security guard, and state hospital security attendant. He has 21 semester hours and 9 quarter hours of criminal justice related of courses.[/guest-author]