Am I my parents' KIPPERS? | McCarthy Law PLC
September 28, 2012

Am I my parents’ KIPPERS?

I hope the answer to this is no. But first, let’s clue you in on the definition. According to the following article KIPPERS are Kids in Parents’ Pockets Eroding Retirement Savings. Still confused? It’s those adults you know that have moved back in with their parents while trying to get out of debt. As the following article points out, these KIPPERS increased over a three year period by 1.2 million.

What I like about this article is that it points out that KIPPERS find it hard to keep their situations to themselves. Oftentimes people in credit card debt won’t speak about it. But not the KIPPERS. Not only do they talk about it, they take action to try to resolve the issue. Better yet, they often get offers to help them get out of debt. Now we’re not suggesting that every adult in debt consider move back in with their parents. But we are suggesting that you talk about your debt issues. You might be surprised that others may be willing to help. And while you in the information-sharing mode, you might consider sharing this information with an attorney skilled at negotiating credit card debt to see if you might be able to negotiate your unsecured credit card debt for a fraction of what you owe!

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