The effects of downsizing or not limited to the employee, but spiral outward into the family and community. Families are suddenly plunged into financial chaos. Savings and investment portfolios are realized and, in many instances, are not enough to finance lengthy lay-off periods. Many families find their current properties too difficult to maintain and household budgets are reduced to minimal expenditures. Rene Brown is a thrice-downsized woman who is still in her forties.
Many families face relocation in search of new jobs and are reluctant to re-establish new roots.
We are the new homeless,. . I attend church. I haven't joined. The financial upheaval not only affects the psychological, spiritual, and emotional fabric of the adults, but the children as well. Children must make adult distinctions about the family's financial circumstances and understand the sudden denial of their accustomed lifestyle.