The new middle class family
Thursday, 04 April 2013 12:26
Dedrick Muhammad, Sr. Director of the NAACP Economic Department
It's easy to forget that multigenerational households were once the rule, not the exception. The 1950s nuclear family was only possible because a thriving middle class and social safety net fostered newfound economic mobility. But the middle class has shrunk considerably in the last few decades, besieged by years of stagnant wages, rising debts and a growing concentration of wealth at the very top. It's clear that nuclear families no longer make sense for everybody. In fact, thanks to its compelling economic advantages, multigenerational families may become the new norm in today's post-recession economy.
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