Three Generation Families do Better Financially… at what cost?

Findings from the November 2009 Journal of Families issues states that three generation households are better than two generation homes headed by a single parent. The reasoning behind this is that having the grandparents and parents share the financial burden of the home will keep children out of poverty. “Using data from the Survey of Income and Program Participation from 2001, the researchers found that the presence of just one grandparent makes the odds of living below the poverty line 80% lower than for children living without a grandparent, and children living with two grandparents are at an even greater … Continue reading