Issue #2 - not an empty nester
3. Pay for your children’s health insurance
Recent grads not only having a hard time finding jobs but also incurring a lot of debt with little savings. Many parents have to cover their kids with the employer-provided family health plans.
One study by the Federal Reserve Bank of New York estimates that 44% of recent grads are underemployed, meaning that they work in jobs that don’t require a college degree - which also likely means they aren’t getting the perks that a good job normally brings, like insurance.
According to Healthcare.gov, children under 26 may be eligible for coverage under their parents’ health insurance plan even if they’re married, not living at home and attending school. Keeping your kids on your insurance may only amount to a few extra dollars a month for you, but it’s still an extra cost that you’ll have to budget for.
Next issue, still carrying a credit card debt.
3. Pay for your children’s health insurance
Recent grads not only having a hard time finding jobs but also incurring a lot of debt with little savings. Many parents have to cover their kids with the employer-provided family health plans.
One study by the Federal Reserve Bank of New York estimates that 44% of recent grads are underemployed, meaning that they work in jobs that don’t require a college degree - which also likely means they aren’t getting the perks that a good job normally brings, like insurance.
According to Healthcare.gov, children under 26 may be eligible for coverage under their parents’ health insurance plan even if they’re married, not living at home and attending school. Keeping your kids on your insurance may only amount to a few extra dollars a month for you, but it’s still an extra cost that you’ll have to budget for.
Next issue, still carrying a credit card debt.
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