Marriage, Kids, and the Picket Fence? Household Type and Wealth among U.S. Households, 1989 to 2019
Evidence on how parenthood affects household wealth in the United States has been inconclusive, partially because previous studies have decontextualized parenthood from gender, marital, and relationship status. Yet, insights from economic sociology suggest that wealth-related behaviors are shaped by...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
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Society for Sociological Science
2022-04-01
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| Series: | Sociological Science |
| Subjects: | |
| Online Access: | https://sociologicalscience.com/articles-v9-7-159/ |
| _version_ | 1818188454206373888 |
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| author | Christine Percheski Christina Gibson-Davis |
| author_facet | Christine Percheski Christina Gibson-Davis |
| author_sort | Christine Percheski |
| collection | DOAJ |
| description | Evidence on how parenthood affects household wealth in the United States has been inconclusive, partially because previous studies have decontextualized parenthood from gender, marital, and relationship status. Yet, insights from economic sociology suggest that wealth-related behaviors are shaped by the intersection of identities, not by a binary classification of parental status. We examine net worth by the intersection of gender, parental, and relationship status during a period of increasing wealth inequality and family diversification. Using data from the Survey of Consumer Finances from 1989 through 2019, we show that aggregate comparisons between parents and non-parents mask substantial wealth variation across nine household types. Despite changing social selection into marriage and parenthood, married parents consistently held a wealth advantage over demographically similar adults in other household types. Married parents' wealth advantage descriptively arises from homeownership, perhaps because the combined spousal and parental identities are normatively and culturally associated with homeownership. |
| first_indexed | 2024-12-11T23:27:11Z |
| format | Article |
| id | doaj.art-bd8134f1013b4477b5b21969b70b7d97 |
| institution | Directory Open Access Journal |
| issn | 2330-6696 |
| language | English |
| last_indexed | 2024-12-11T23:27:11Z |
| publishDate | 2022-04-01 |
| publisher | Society for Sociological Science |
| record_format | Article |
| series | Sociological Science |
| spelling | doaj.art-bd8134f1013b4477b5b21969b70b7d972022-12-22T00:46:09ZengSociety for Sociological ScienceSociological Science2330-66962022-04-019715918310.15195/v9.a7Marriage, Kids, and the Picket Fence? Household Type and Wealth among U.S. Households, 1989 to 2019Christine Percheski0Christina Gibson-Davis1Northwestern UniversityDuke UniversityEvidence on how parenthood affects household wealth in the United States has been inconclusive, partially because previous studies have decontextualized parenthood from gender, marital, and relationship status. Yet, insights from economic sociology suggest that wealth-related behaviors are shaped by the intersection of identities, not by a binary classification of parental status. We examine net worth by the intersection of gender, parental, and relationship status during a period of increasing wealth inequality and family diversification. Using data from the Survey of Consumer Finances from 1989 through 2019, we show that aggregate comparisons between parents and non-parents mask substantial wealth variation across nine household types. Despite changing social selection into marriage and parenthood, married parents consistently held a wealth advantage over demographically similar adults in other household types. Married parents' wealth advantage descriptively arises from homeownership, perhaps because the combined spousal and parental identities are normatively and culturally associated with homeownership.https://sociologicalscience.com/articles-v9-7-159/wealthfamilycohabitationmarriagechildrenhome ownership |
| spellingShingle | Christine Percheski Christina Gibson-Davis Marriage, Kids, and the Picket Fence? Household Type and Wealth among U.S. Households, 1989 to 2019 Sociological Science wealth family cohabitation marriage children home ownership |
| title | Marriage, Kids, and the Picket Fence? Household Type and Wealth among U.S. Households, 1989 to 2019 |
| title_full | Marriage, Kids, and the Picket Fence? Household Type and Wealth among U.S. Households, 1989 to 2019 |
| title_fullStr | Marriage, Kids, and the Picket Fence? Household Type and Wealth among U.S. Households, 1989 to 2019 |
| title_full_unstemmed | Marriage, Kids, and the Picket Fence? Household Type and Wealth among U.S. Households, 1989 to 2019 |
| title_short | Marriage, Kids, and the Picket Fence? Household Type and Wealth among U.S. Households, 1989 to 2019 |
| title_sort | marriage kids and the picket fence household type and wealth among u s households 1989 to 2019 |
| topic | wealth family cohabitation marriage children home ownership |
| url | https://sociologicalscience.com/articles-v9-7-159/ |
| work_keys_str_mv | AT christinepercheski marriagekidsandthepicketfencehouseholdtypeandwealthamongushouseholds1989to2019 AT christinagibsondavis marriagekidsandthepicketfencehouseholdtypeandwealthamongushouseholds1989to2019 |