Financial Coping Strategies for Tough Times -- Part OneBlended families, along with every other segment of the country, will likely experience the negative impact of the meltdown on Wall Street. No one is exempt from the fallout that has caused the federal government to step in with a multi-billion-dollar bailout to stabilize financial markets and thwart a complete breakdown.
While banks and other financial institutions will avoid complete ruin with the rescue plan, the same is not true for many average families experiencing the personal anguish of financial injury and powerlessness, that uneasy feeling of loss of control over a situation you did not make and you are unable to correct. The result of the crisis for most families is generalized stress as people are threatened with foreclosure, ballooning mortgages, job loss, rising gas prices, home heating oil, food costs, as well as monthly bills and credit card debt. Blended families face increased stress as they finance dual households and child support.
