Living Near Your Parents Could Help Limit The Long-Term Damage of a Layoff

http://blogs.wsj.com/economics/2017/02/14/living-near-your-parents-could-help-limit-the-long-term-damage-of-a-layoff/

Job loss can cause magnitudes of problems in your life, but some new insights on the effects of job loss have led to people to think that living near your parents could lessen the impact on future earnings. People who have had job loss in their early lives have been shown to have less chance of recovery when they live near their parents. Due to factors such as moral or financial support, young people who live near their parents will have a better chance at earning more money when they decide to return to their job. Children who live away from their parents have been shown to have lesser earnings their counterparts who do the same work they do. Younger children would still be able to receive support and be able to feel better confidently and financially when they reenter the workforce. In a way, you could use this sell more housing by helping future buyers to advise them this could be for their benefit.