Does having children increase your chances of living in poverty, foreclosure and bankruptcy?


Question:
I remember the Department of Agriculture once doing a study, especially on single income families, on this but can't find it on their website anymore.

Answer:
Of course it does.

It also has been linked to insanity, alcoholism, premature graying, and petty theft.

But, so what?

You fall in love, you get married, you have kids, you work your butt off for the rest of your life, your kids fall in love, get married, have grandkids for you, and then you die.

Life happens
I would think it would if you were not finacially secure when you did have children also more in single parent homes, and teen parents
I think the economy will be the one to increase your chances of living in poverty, foreclosure and bankruptcy, not so much having children. Like anything else in life, if you want children bad enough you will provide for them the best you can. May not be in a luxury condo with a benz in the driveway but as long as they are fed, clothed, have a home, education and lots of love from their parents, they'll be just fine.
Only if you have too many kids on insufficeint income
Absloutely! Any time that the resources are stretched to accomodate more people's needs the chance of financial trouble increases, unless you're already rich.
More Related Questions & Answers...
  • Is there is difference between foreclosure and auctioning your house, after they auction your house off how...
  • Bush claims to have record breaking home ownership...yet foreclosures are thru the roof?
  • Is the Foreclosure cost really the only cost?
  • When bank sells a foreclosure house, after pmi paid to bank, does it have to pay pmi back?bank keeps profit?
  • How can I obtain free foreclosure listing in the greater NY metro area?
  • Foreclosures?
  • Did the price that I saw in the foreclosure are the real price?
  • Free access to bank foreclosure homes?
  • Home foreclosure tax question!?
  • How can I find home foreclosures in the Preston Hollow neighborhood/area of Dallas, TX?
  • The questions and answers post by the user, for information only, AnswersRoom.com does not guarantee the right
    Copyright © 2007 AnswersRoom.com -   Terms of Use -   Contact us

    Hot Topic