Monday, November 3, 2014

Blended families more likely to struggle with money

Forget the Brady Bunch. The idyllic picture of a blended family with a big house and a maid couldn't be less accurate when it comes to today's "blended" families.

Blended families have far less savings and are significantly more likely to live paycheck-to-paycheck than traditional families, according to a recent survey sponsored by Allianz Life. The financial services company defines a blended family as one in which parents who are married or living together live with stepchildren or children from a previous relationship.

One-third of blended families' report they're not saving at all. And they're twice as likely to report that their spouse brought financial baggage into the relationship that's tough to overcome.

http://www.cbsnews.com/news/blended-families-more-likely-to-struggle-with-money/

http://tipsandsteps.com/sharing/bookmarks/view/2113/blended-families-more-likely-to-struggle-with-money

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