According to the Federal Reserve Bank of Cleveland, nearly half of all workers will at some point in their career become “displaced" — that is, they will lose a job through no fault of their own. When that happens, getting back to the level of income earned before the displacement often takes years, if not decades. However, a new study from the Cleveland Fed suggests that, for some young adults, simply living near one’s parents at the time a job loss occurs can drastically cut down the time it takes to make a full recovery.
Click the audio player above to hear the full story.
“I think the best compliment I can give is not to say how much your programs have taught me (a ton), but how much Marketplace has motivated me to go out and teach myself.” – Michael in Arlington, VABEFORE YOU GO