Pre-approved 0% interest loans, no overdraft fees, no account minimums, quicker access than an ATM, and a seemingly guaranteed income stream. These are just some of the great benefits of opening an account in the Bank of Parents. Once a child hits a certain age, they are no longer eligible for these benefits. At which point, they will have to open a normal bank account and join the rest of us.
It has been over 30 days since the government shutdown. Over 800,000 federal employees have had to rely on other means to cover their daily needs. From filing for unemployment benefits, to getting part-time jobs and in more desperate attempts, selling vehicles to cover expenses. It is difficult to imagine oneself in their shoes as it is stressful to think about one’s own cash flows, let alone someone else’s.