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Lifecycle Events and Their ConsequencesJob Loss, Family Change, and Declines in Health$
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Kenneth A. Couch, Mary C. Daly, and Julie M. Zissimopoulos

Print publication date: 2013

Print ISBN-13: 9780804785853

Published to Stanford Scholarship Online: January 2014

DOI: 10.11126/stanford/9780804785853.001.0001

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Family Structure and Financial Well-Being

Family Structure and Financial Well-Being

Evidence from the Great Recession

(p.178) Chapter Ten Family Structure and Financial Well-Being
Lifecycle Events and Their Consequences

Juyeon Kim

Linda J. Waite

Stanford University Press

This chapter presents an analysis of the influence of changes in family size and complexity of living relationships on a family's economic well-being during the Great Recession. The analysis reveals that the average size of households did not change markedly following the Great Recession. However, the stable average conceals considerable churning with about one-third of households adding or losing members. Decreases in household size and complexity are associated with higher standards of living in the household for white families, no change for African American families, and a lower standard of living for Hispanic families. The authors conclude that while families play an important role in providing income support in difficult economic times, changes in living arrangements that increase family size typically result in decreases in economic welfare.

Keywords:   Great Recession, household size, welfare, living standards, living arrangements

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