Children living in two-parent families with two earners were better off in 2010 compared to 1990 with an average income increase of 15%. Single earner.

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Presentation transcript:

Children living in two-parent families with two earners were better off in 2010 compared to 1990 with an average income increase of 15%. Single earner families showed an 11% decrease in income from 1990 to 2010. Implications The median income of single-earner families with children decreased over the two decades. With little to no gains in income, accompanied by increases in spending and debt, many of today’s families are walking a “financial high wire”.1 Furthermore, living in a two-earner family reduces the likelihood of poverty. During the recession, two-earner couples with children had one of the lowest poverty rates among all family types (3.4%).¹ ¹Vanier Institute of the Family. “Fascinating Families.” http://www.vanierinstitute.ca/include/get.php?nodeid=341, accessed on June 29, 2012.