The Long Run Consequences Of Slow Economic Recovery After Periods Of Recessions

Chief amongst these are that families have two goals: in raising children and establishing solid and stable adult relationships (Parsons and Bales 1955). The way families achieved these goals was by establishing specific roles for each member of the family, specifically the two parents. This structure, with a man in the workforce and woman at home, was very prevalent in the 1950s. In 1960, according to Phillip Cohen (2014), 65 percent of children lived in homes with married parents where only the father was employed. At this point, with a majority of children living in such situations, it seemed valid to define families using these households. However, this household structure quickly fell out of prominence: by 2012, only 22 percent of children lived in such homes. The most common household type — 34 percent — involved married parents where both adults worked. With families now being arranged in such varied ways, it is more difficult to generalize about family structures as you and Bales do, Dr. Parsons (Cohen 2014: 2-3).

Marriage and family can impact economics and community because people who are married tend to be better off than single and cohabiting parents (Kaye, Lerman, (n.d.)).

Families, as units, are extremely complex and vary drastically from one another. A person might be under the impression that his or her own family is nothing special, especially if they are accustomed to their family’s routines. After analyzing my own family through the sociological lenses of an assortment of scholars, it is now clear that it is not as simple as it seems. Sociologically analyzing my family through the divorces that have occurred in my life makes it clear that divorce can have an impact on a variety of family dynamics, such as my parents and their jobs and domestic duties, the amount of involvement they have with their friends and family, as well as my financial dependence on my parents.

Families found themselves setting up in a way unfamiliar before. The Depression bombarded families who lost everything in their saving accounts and were suddenly facing poverty. Around nine million families lost everything they had in the banks creating two kinds of poor; the poor who were already suffering to make a living and new the “new poor ,” middle class Americans losing their homes left and right. Men and women’s roles

In our society, we carry an ideological assumption that a “normal” family consists of the man working to provide for the family and the women takes on the role of stay-at-home mom (Dow 1992).

Today the United States Americans more than ever; there is a constant fear of an awaiting recession due to the economy. The recession in the later 2000’s has been known as the greatest economic decline since the Great Depression. The United States of America, the banks and businesses are not able to succeed and are failing due to the market. Many people across America cannot afford their homes or bills due to the unemployment rate that seems to keep increasing. Many people blame this on the higher oil or gas prices, and the wars that the United States acts on. The recession has overall declined our economic activity in business profits, employment, and investment. This is all due to our falling market, and the rise of prices that so many Americans cannot afford.

The unemployment rates in the United States skyrocketed from an average 1.5 million to an all-time high of 2.5 million people over the period three years. The basic family income, that averaged out to $2,300, dropped by 40% in 1933 (Bryson 1). This drastic drop affected all members of the house, children were not dressed properly, women had to go and try to find work outside the home, and around 250,000 young adults were travelling to find work to help support their families at home (Bryson 1). Not only did family income drop, but farm income also fell by 30% (American Decades 1),being forced off their property due to “deflated crop prices, soil depletion, and farm mechanism,” (American Decades

The Great Depression clearly had a big impact on families; for one, the way families survived, another way was how fathers and husbands became unemployed, and lastly how children became deprived of their

Beginning as early as the 1970’s, this seemingly inverse correlation between wages and household expenses began. However, it is not as simple, considering how despite the decrease or freeze in wages, the gross domestic product kept steadily rising, indicating that companies were profitable. As wealthy company owners increased their own wages, workforce members’ wages were decreased to make up the loss. This began the vicious cycle that would lead to low

In August 1929, the peak of the stock market boom, the unemployment rate in the United States was only about three percent. By the end of 1933, the unemployment rate was a staggering twenty-five percent. Over thirteen million people lost their jobs during these years. To put those figures into perspective, the unemployment rate during the recent Great Recession reached only ten percent at its peak in October 2009! Starting in 1930, consumers stopped purchasing goods as they had in the past. Either they didn’t have the money, or they were afraid to spend in fear that the money would be needed more urgently later. The decline in consumer spending further exacerbated the Great Depression because fewer people were buying things. Manufacturing companies did not need to produce as much as they had before, leading to a reduction in the work force. As people lost their jobs, they were unable to keep up with payments for items bought on credit before the financial crisis. The vicious cycle continued from

The families in America are steadily changing. While they remain our most valued and consistent source of strength and comfort, some families are becoming increasingly unstructured. In the past, the typical family consists of a working father, a stay at home mother and, of course, well-rounded children. Today, less than 20 percent of American families fit nicely into this cookie cutter image. American households have never been more diverse. Natalie Angier takes stock of the changing definition of family in an article for the New York Times.

Barbara J. Risman’s book Families as They Really Are offers valuable insight into the nature of families and rebuts several myths that have been used to complicate the understanding of families or to simplify harder concepts. In the fourteenth chapter of the book, Risman delves into dual-earner couples and looks at the experience such families had during and after the Great Recession. The chapter deals with among other thing the influences that the economic downturn had on families, how parents felt the effects of this at the family level and the differences between single-earner families and the dual-earner families at this time. The thesis of this document is that dual-earner families are more resilient economically compared to single-earner

From 2008 to 2010, a recession plagued the United States’ economy. Although occurring from dissimilar causes, this recession reintroduced research and discussion on the source and length of its nearest equivalent, the Great Depression. The Great Depression was the most severe and damaging occurrence to affect the world since the beginning of the 20th century (Tavlas). Modern economic views on the Great Depression of the 1930s differ considerably; however, there exists a consensus on the idea that the Depression was worsened by elements such as inflexible wage rates, augmented labor costs, and the distribution and consumption of labor resources. In many eyes, the government was to blame, especially regarding the New Deal, a legislative platform that encouraged greater collective bargaining, a legal minimum wage, and unemployment insurance.

Everybody in the United Stated was affected by the recession that began in December of 2007 and spanned all the way to June 2009. Even though the recession is over, many people are still being affected by it and have still not been able to recover from the great recession. “The recent recession features the largest decline in output, consumption, and investment, and the largest increase in unemployment, of any post-war recession”. Many people lost their jobs due to the recession and some of them are still having a hard time finding jobs and getting back on their feet. Businesses

An earlier generation of scholars assumed that wives' employment and income are risk factors for divorce. More recent evidence, however, is mixed about the strength and even the direction of this association (Rogers, 2004; Sayer & Bianchi, 2000; Schoen, Rogers, & Amato, 2006). On the basis of research from the last decade, several conclusions seem likely. First, wives' employment has the potential to generate tension between spouses over the household division of labor. Frisco and Williams (2003) found that perceived unfairness in the division of household labor was associated with decreased marital happiness among spouses and an increased likelihood of divorce. Similarly, Amato, Booth, Johnson, and Rogers (2007) found that wives' hours of employment tended to increase spouses' perceptions of marital problems. The authors also found, however, that wives' earned income improved other dimensions of marital quality