Tuesday, October 28, 2014

New Report- For richer, for poorer: How family structures economic success in America

New Report- For richer, for poorer: How family structures economic success in America:

How family structures impact economic success
Given the uncertainty of the American economy in recent years, it seems that for many families the American dream has been replaced with stagnant income, inequality, and unemployment. Yet the economy is only one part of the picture. In their new report, “For richer, for poorer: How family structures economic success in America,” AEI Visiting Scholar and Director of the Home Economics Project Brad Wilcox and the Urban Institute’s Robert Lerman examine how changes in marriage and family structure affect economic landscape, the economic status of men, and the health of the American dream.

What they find is that the retreat from marriage actually fuels growing social and economic inequalities and that growing up in an intact family, or two parent household, increases your chance of economic success. Wilcox notes,

“Strong and stable families boost the odds that children can realize the American dream. Boys and girls raised in intact, two-parent families work more hours and make more money as young adults.”

In fact, according to their research, family structure is just about as important as other factors like race, ethnicity, and education in shaping economic opportunity in America. These findings have serious social and economic implications. Wilcox asserts,

“If we are serious about strengthening economic opportunity in America, we also have to get serious about strengthening American families.”

To read the full report, click here.

To arrange an interview with an AEI scholar, please contact a media services representative or email mediaservices@aei.org (202.862.5829).

Scholar:
W. Bradford Wilcox
Visiting Scholar
Research Areas: Child wellbeing, Impact of family structure on economic growth

Related Content:
EVENT: For richer, for poorer

Home Economics: The Consequences of Changing Family Structure