Financial wake-up call: from advice on homeownership to unemployment, our economists offer strategies on how to secure your financial future.
Black Enterprise › Vol. 33 Nbr. 11, June 2003
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B.E. Board Of Economists Report
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Financial wake-up call: from advice on homeownership to unemployment, our economists offer strategies on how to secure your financial future.
When Lori Porcher, 40, was laid off from her job as an account supervisor for an advertising firm just seven months after landing the position, it was a sharp financial blow to the Syracuse University graduate. But when her younger sister, Lisa, 36, was also handed a pink slip less than a month later, the two--who live together in an upscale apartment complex in the Washington, D.C., suburb of Alexandria, Virginia--were left scrambling for ways to make ends meet.
To survive the financial crunch, they pooled their resources, using money from unemployment insurance checks, savings accounts, and 401(k) retirement plans to pay the bills. They trimmed the fat ...See the full content of this document
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