Forbes: “Multi-generational Households: Surprise, It’s Not Necessarily A Nightmare”

Living with mom and dad, again, isn’t half bad. So shows the latest data from Pew Research Center. Among the three-in-ten of those surveyed, ages 25-34 who’ve had to shuffle back home during the Great Recession, nearly 80 percent of them say things are working out and they are optimistic about their financial future.

A Pew Research analysis of Census Bureau data shows that the share of Americans living in multi-generational family households is the highest it has been since the 1950s, having increased significantly in the past five years,

Adults ages 25-34 are among the most likely to be living in multi-generational households (mostly with their parents). In 2010, 21.6 percent lived this way, up from 15.8 percent in 2000, reports Forbes Contributor Sheryl Nance-Nash, in the article “Multi-generational Households: Surprise, It’s Not Necessarily A Nightmare.” 

While economically returning to the nest has its rewards, it’s not always a smooth transition. What’s the key to making it work?

Be sensitive.

Don’t focus on past conflicts … Generational differences around parenting should be acknowledged. Grandparents and parents may have markedly different viewpoints on child rearing  than their children do. “Honoring these differences should be an active part of the dialogue in the household, especially if there are small children being reared,” says Richard Shadick, PhD, director of the Counseling Center and adjunct professor of psychology at Pace University.

DailyFinance – “Then and Now: How the Economy Has Changed Since 9/11”

Think back to the evening of Sept. 10, 2001: It’s been 10 years, and in some ways, it’s as if nothing has changed. That Monday night, the United States was coming off a recession stemming from a bursting bubble, consumer confidence was declining, and predatory lending was in the headlines.

But as we all know, everything did change the next morning, in ways that we are still working to understand.

Over the last decade, consumer confidence and housing prices have gone through a dramatic rise and fall, and two massively expensive wars in Iraq and Afghanistan were initiated. 

AOL’s DailyFinance asked economists including Lubin’s Niso Abuaf, to share their thoughts on two questions: What were the most significant economic shifts between 2001 and 2011; and if that decade had a headline, what would it be. 

The Great Disappointment in Real Wage Growth and European Integration

Niso Abuaf, professor of finance, Pace University

“Technology [the innovation of the ’90s] bore fruit and the productivity gains we have experienced in technology, media and telecom sectors have been tremendous with the iPhone, iPad, Blackberry and virtual workplace. But has that accrued to the typical U.S. worker or European worker?  Unfortunately, those productivity gains have not translated into real wage gains and it has been a disappointment. Wages have not kept up with productivity gains. Another disappointment is that Europe’s lack of political union and its response to crisis in [the PIIGS nations] has not been as decisive and quick a response as the U.S. response during the Great Contraction.”

The Largest Spanish Newspaper in the U.S. Seeks Pace Professor’s Expertise

La Opinión, the Largest Spanish-language newspaper in the U.S. quoted Pace’s director of the Counseling Center and Associate Professor or Psychology, Dr. Richard Shadick.

La Opinión, the largest Spanish-language newspaper in the U.S., quoted Pace’s director of the Counseling Center and Associate Professor of Psychology, Dr. Richard Shadick, about the impact of the recession on the mental health of students.

Translated text of the article:

Kristina Segura-Baird is now considered a “normal” teenager. But for a long time she had to cope in silence with the negative emotions caused by the sexual abuse she suffered.

“I did not want to talk to anyone about this, but now I’m glad to have received professional help,” says Young, who participated yesterday in a ceremony to support new laws that expand mental health services in schools.

Alarming data revealed that suicide is the third most common cause of death among 15 to 24 years and according to the American Academy of Pediatrics , one in five children and adolescents in the country suffer from some kind of mental problem, which is now compounded by the current economic crisis.

Dr. Richard Shadick , director of the Counseling Center at Pace University in New York and associate professor of psychology, said that the situation has worsened in recent times.

“Young people are suffering from the stress in their families and there are fewer services due to budget cuts,” says Shadick, noting that all of this greatly affects their academic performance as well as spurs other social ills.

Mental health programs were cut by 4% in 2009 and 5% in 2010, and will be reduced by 8% in 2011 – at a time when they are needed most.

A recent survey conducted jointly by The New York Times and CBS shows that four out of 10 children of unemployed parents show behavioral changes.  But Shadick clarifies that in many cases parents are so affected by their own problems, they don’t even notice these changes in their children.

Convinced that many of these problems can be prevented, Congresswoman Grace Napolitano spoke yesterday before a packed auditorium at the middle school youth Eastmont the Montebello Unified School District ( MUSD ).

Both she and a player for the Lakers, Ron Artest, shared some personal experiences, emphasizing the idea that we should not feel embarrassed when asking for help.

“I am a better father and husband because I have spent a lot of time and money to receive counseling. But I think everyone should have free access to these services,” said Artest.

Napolitano, author of the measure, HR 2531 Mental Health Act in Schools, stated that if it is approved by the legislature, the plan she created in 2001 in his district which has now expanded to 11 schools, including Eastmont, could be replicated throughout the country.

“What motivated me to create the program was to learn that one in three young Latinas has contemplated suicide,” said Napolitano.

——–

To read the article in Spanish, visit http://www.impre.com/laopinion/noticias/primera-pagina/2010/9/10/salud-mental-recibe-apoyo-209816-1.html#commentsBlock

New Scholarship Fund for Black Music Pioneer Covered by New York Daily News Online

Pace’s new scholarship fund for black music pioneer Sydney Small was covered by New York Daily News online.

Pace’s new scholarship fund for black music pioneer Sydney Small was covered by New York Daily News online on September 16. Click on the link or read the excerpt of the text below.

http://www.nydailynews.com/entertainment/tv/2010/09/16/2010-09-16_black_pioneers_legacy_to_live_on.html?r=entertainment

“A scholarship fund has been established at Pace University for the late Sydney Small, who ran WWRL (1600 AM) and was a lifelong advocate for minority voices in the mainstream media.

Small died Aug. 8 while cycling in Central Park. He was 72.

The Brooklyn native founded the National Black Network (NBN) in 1972. NBN evolved into Access 1, which owns WWRL and other radio stations.

He was a founding member of the National Association of Black Owned Broadcasters (NABOB) and a prominent spokesman for minority media ownership.

When ratings for minority stations dropped under Artbitron’s new Portable People Meter (PPM) system, he was among the station owners asking Arbitron to reassess the system.

He also helped press Madison Avenue to give minority media a greater share of advertising dollars and led NABOB’s efforts to get federal distress loans for minority broadcasters threatened by the recession.

To contribute to the Sydney L. Small scholarship fund at Pace, go to pace.edu/givenow.”