So, my wife and I will be moving back to the US from Taiwan, hopefully, in December. I intend to start my graduate studies in International Relations in the Fall 2009.
Here’s what I want to know: What does the economic mess mean for me? Also, what can I do to make sure our transition back to the US goes the best financially.
Here’s where we stand:
[li]no debt[/li][li]only about five or six thousand dollars[/li][li]no job lined up (for my wife or I)[/li][/ul]
While we don’t have any debt, we soon will, since the tuition for all of the schools to which I’m applying is tens of thousands a year. I have no idea what sort of aid or loans I’ll get.
What we have going for us:
[li]My wife is writing a book right now that should be published here in Taiwan before or soon after we leave, so we should be getting some income from that.[/li][li]We are both multilingual and worldly. She’s a native Mandarin speaker and fluent in English and French. I’m fluent in French and competent in Mandarin. In the beginning, this will be more important for my wife, in that I will, at most, be able to work part time as a student. My wife also has experience as an editor, journalist, translator, and teacher, and she’s studied cultural mediation and art therapy.[/li][li]We have a fair number of connections in the possible cities we’ll be moving to (NY, D.C., or Boston).[/li][/ul]
So, what does a young person coming back to the US to make a fresh start with his wife need to do to take into account the current economic situation in the US?
By the way, if this should be in IMHO, I’m sorry. The reason I put it here is because I figured this is a debatable subject about a fairly large slice of the American populace. The economic problems the US is facing right now is usually talked about in terms of people who own lots of stock, have considerable assets, or who are facing foreclosure on a house. I’m curious about the small number of us who own very little but also don’t have much money.