This website uses cookies to ensure you have the best experience. Learn more

The Impact Of Dual Income Families On The Economy

2049 words - 8 pages

The Impact of Dual Income Families on the Economy

An important impact of the current economic conditions upon today's American family is that of the dual-income family. Currently many families, my own included, need both partners to provide economic support in order secure quality housing, childcare and living conditions. I intend to examine the conditions that create the need for two income families, the effects, good and bad upon the children of such families, and compare the overall quality of life of the average dual-income family to that of the average single income family.
Today, there are more than 52 million, married families, units, in the United States. The dual-earner family is the most common, with 60% of all married families having both spouses working outside the home. For the group to which I belong, families with children, the rate of two working parents is even higher. Approximately 70% of the 24.7 million two-parent families in the United States report both spouses working either full or part-time outside the home. (Benokraitis, 1996). Additionally, a recently released Census Bureau report ("Fertility of American Women," 9/00) that showed that more mothers, especially mothers of infants, were in the work force in 1998 than ever before (73 percent and 59 percent, respectively).
The labor force participation of mothers has risen steadily since the Census Bureau began collecting data on the topic in 1976, so it is not particularly surprising to me that more women with infants are on the job today than in years past. Living in the suburbs has exposed my wife and I to the realities faced by today's family, that even for most of us in the middle class, the only way to obtain our hopes and dreams is for both partners to work. Perhaps more noteworthy is the finding that for the first time, dual-income families with children made up the majority of married couples in 1998. "The traditional family, portrayed as one with an employed husband whose wife stayed home to look after the children, has changed to a family with both parents employed outside the home and with children cared for by someone other than a family member," the Bureau reported.

The primary factor in the increase of dual-income families over the past 25 years has been the economy. Another interesting fact is that of the three main family units; married couples with the wife working, married couples with the wife not working, and female-headed households with no husband present, only the dual-income family group has have avoided a decrease in family income since 1970. (Cherlin, 1996)
Having two wage earners affects marriages in several ways. These include the quality of the marriage between the spouses, the division of household labor, and the quality of child rearing. The quality of the marriage can be strained if either spouse has a job with unsatisfactory work conditions or if the two partners disagree on spousal employment. If the...

Find Another Essay On The Impact of Dual Income Families on the Economy

The Impact of Single-Parent Families on College Student’s Education

1816 words - 7 pages on student’s educaton (Alika 2012; Garg, et al, 2007). We also consider the influence of parent’s educational history and financial situation on student’s education (Garg et al, 2007; Pong et al, 2003, Hamden-Thompson, 2013). Many studies have found that students from single parent homes have on average, a low overall educational performance in many areas. Surveys showed that students from single parent families in elementary school scored

The Economy and Families Essay

1010 words - 5 pages can only think of one time that the economy had a direct impact on me. It was during the recession of the early 80's when I was in my early 20's. It was here in Morganton, and I could just not find any work for the first several months of 1982. Luckily, my girlfriend I lived with at the time, supported me and a personal and national period of prosperity were just around the corner. Today, like many others, I've seen my income fall drastically

The Impact Families have on Individual Lifestyles

1397 words - 6 pages Family is what you make it. The word family has many meanings. Everyone defines what being part of a family means, and what a family is in a different way. Families differ economically, socially, culturally, and so on. The nonfiction novel, In Cold Blood, by Truman Capote, tells the story of the brutal murder of the Clutter family in Holcomb, Kansas committed by Dick Hickock and Perry Smith. In the novel the reader is able to view the role of

The Impact of the Oil Crisis on the American Economy

5691 words - 23 pages The Impact of the Oil Crisis on the American Economy With the current spike in oil prices, many American consumers have asked, 'what is going on?' In order to fully understand the current situation and how it is affecting the economy one must look at a variety of factors including: the history of oil crisis in the United States, causes of the current situation, and possible outcomes for the future. It is only after meticulous research in

The impact of the global financial crisis on Chinese economy

3304 words - 14 pages The impact of the global financial crisis on Chinese economy In the past two decades, China has enjoyed the one of the world’s fastest growing speeds. And for right now, China has been the most major contributor to the world economic growth. But in the recent years, the global financial crisis already did a huge damage to the Chinese growing economy. Especially in the aspect of exporting sector, China has been hit hardly by this crisis. The

The Impact of Minorities on the United States Economy

1865 words - 7 pages our economy would be in a bit of a slump, considering minority businesses contribute close to $1 billion. With the help of the United States Small Business Association, entrepreneurs are able to make a success out of their aspirations, which bring many new jobs for our society.Immigration has had a tremendous impact on the United States' economy as well. There are both positive and negative effects of immigration. Employers save money by

The Impact Immigrants have on the Economy

1760 words - 7 pages on voting trends and the jobs that they could take from citizens. Rarely discussed, though of vital importance, is the immense impact that immigrants have on the economy, as they take low paying jobs that the average citizen would scoff at. If these immigrants are willing to take such low paying positions and be disadvantaged in some of the world’s largest economies, it calls to question what the grounds for excluding them from the political

The Growth and Corruption Correlation: Its impact on the achievement of middle income status

3079 words - 12 pages I INTRODUCTIONThat corruption adversely affects economic development has become commonplace knowledge. Corruption damages economic development and keeps people poor. As Vaclav Havel, former Czech President (October 2001) observed: Corruption may either deter investment or render it less productive through its adverse impact on the risk and cost of doing business.There appears to be worrisome evidence of a perception of high levels of corruption

The Circular Flow of Income and The affect of Leakages and Injections on Commercial activity in our Economy

682 words - 3 pages Untitled The Circular Flow of Income and �The affect of Leakages and Injections on Commercial activity in our Economy� In economics the Circular flow of income refers to the simple economic model which describes the circulation of money and good and services between producers and consumers in our economy. There are five main sectors that make up the model including: households, firms, financial Sector, government sector and

The Internet Has a Negative Impact on American Families

1210 words - 5 pages The Internet Has a Negative Impact on American Families Does the Internet truly have a negative impact on today’s family life? Many say that is most definitely does. Have you ever known someone who is obsessed with the Internet or spends more time on the Internet than they had intended to? You might begin to think they are addicted. Ricco Siasoco defines Internet addiction as “a broad term including users addicted to chat

Changing Families and the Impact on Surrounding Systems

1558 words - 6 pages think outside influences such as the media shape views about families? Ofelia: There wasn’t as much media in the 50’s. The shows that we watched were family oriented. Today almost anything goes, which is part of the problem. Christine: I think the media shows a wider variety of families today. Some of it goes too far, but I think it’s good for people to be exposed to what’s going on. O. Perone, C. Perone (personal communication

Similar Essays

The Impact Of Migration On Families

729 words - 3 pages whether there is a change in their economic and societal position when there's movement within the same economy. The point of this study, accordingly, was (a) to look at the effect of remittances on the Net Annual Income of the families (b) to check whether these receipts have any change on the SES of these family units. The SES incorporated indices like income, consumption, savings, investment, health, education and expenditure on dwellings and

Schizophrenia: The Impact On Families Essay

2007 words - 8 pages that chronicles the life of one John Nash, a prominent mathematician and the challenges he endures throughout his adult life afflicted with a chronic mental illness. “A Beautiful Mind” allows us to gain insight into the stressors that many families undergo when faced with living with a person with schizophrenia. This paper will explore the impact of schizophrenia on the lives of the Nash family as depicted in the aforementioned movie. Exploring the

Impact Of Foreclosure Crisis On The Economy

1412 words - 6 pages dream to own their own homes. I have heard people on TV and on the national stage debate the reasons and the impact of the foreclosure crisis on the economy. This debate has been frustrating because people focus too much on arguing who is right or who was wrong; some people claim the foreclosure crisis is from a lack of oversight over mortgage companies that should have been regulated more by the government in how they make their loans. Other

Impact On Families Of The Canuck Place Children’s Hospice Program

2102 words - 9 pages , siblings, cousins and even close friends within the community. Davis (1996) suggests that the family is the central unit of care within the program, and special attention must be given to developmental levels of family members. Many families with chronically ill children face a substantial disruptions in lifestyles, marital satisfaction, employment, and divorce (Davis, 1996). Article Summaries Article Summary One “The Impact on Families of a