The article aims to equip readers with a better understanding of the breadwinner role, its effect on marriage, children and the family, as well as the recognition of complementing duties of all family members.
New York City, NY (PRWEB) May 24, 2013
The latest article "One Household, One Income: Challenges of the Sole Financial Provider" published by FinancesOnline.com aims to help American households recognize the real challenge with only one financial provider in the family - to go beyond mere day-to-day survival, but attain basic family economic security while managing roles and expectations in a sole income household.
The article points out that despite economic pressures that call for both parents to work, the single-income household is here to stay simply because personal circumstances and unstable employment prompt many families to depend on a sole breadwinner. Those living with a sole financial provider are mostly in the low income category, and the extent of their financial burdens can be glimpsed from the following data provided in the article:
- A 2011 study on Economic Insecurity and America’s Families by Washington-based Wider Opportunities for Women said that while families may live above the poverty line, they lack adequate incomes required to cover basic expenses and save for retirement or emergencies. About 43 percent of one and two-adult households in the US must choose between basic needs such as decent housing, health insurance, reliable transportation and quality child care.
- A 2012 study by the Prudential Financial Group reveals that over half of American women now or 53 percent are primary breadwinners in their households. They are either single or divorced and support themselves entirely, while 22 percent of married women earn more than their husbands.
With the many changes in income earner roles and the general American family landscape, the article offers some clarification about breadwinner roles in the family that are often overlooked amid the strains and personal distress that go with the pressure of earning enough.
The article aims to equip readers with a better understanding of the breadwinner role, its effect on marriage, children and the family, as well as the recognition of complementing duties of all family members. It offers various support actions for the sole financial provider like protection from physical, mental and emotional strains while non-earning family members can pick up valuable insights on their role as key support network that would balance and harmonize expectations in a sole breadwinner household.
The article helps guide both the sole worker and their household how to better approach the sole breadwinner situation not as a one-person responsibility, but as a shared, reciprocal and entire family affair.
More details about overcoming challenges in a one-income household and breaking the burdens of a sole breadwinner can be found in "One Household, One Income: Challenges of the Sole Financial Provider" by Financesonline.com.