Looking for a great deal?
Get ALL THREE of our new thank-you gifts when you donate $120.
This is a limited time offer – so act soon!
After a layoff, moving home could relieve some financial burden
A worker packs a box with clothing while moving a family in Tiburon, Calif.
Justin Sullivan/Getty Images
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.
If you’re a member of your local public radio station, we thank you — because your support helps those stations keep programs like Marketplace on the air. But for Marketplace to continue to grow, we need additional investment from those who care most about what we do: superfans like you.
Your donation — as little as $5 — helps us create more content that matters to you and your community, and to reach more people where they are – whether that’s radio, podcasts or online.
When you contribute directly to Marketplace, you become a partner in that mission: someone who understands that when we all get smarter, everybody wins.