Social Sciences
8 years ago

Wife's Earnings Impact Family Net Worth, Homeownership Key for Low-Income Families

Home Economics Research Journal
Wife's Earnings and Family Net Worth Position
Ann Foster, Edward J. Metzen

Paper Summary

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The study looked at how a wife's earnings affect a family's net worth. They used data from surveys and found that overall, the total family income had the biggest impact on net worth in 1967 and 1972. However, when they looked at different income groups, they found that owning a home was linked to higher net worth for all groups, especially for families with lower incomes. Surprisingly, the wife's income didn't consistently affect the family's net worth across all income groups.