This work is dedicated to the specific topic. It consists from summarizing and analyzing the information and thoughts, given in different works about this theme. The essay sheds light on the main argument of the definition and determining different terms as “median income” or “the state of marriage”. Detailed overview can allow getting the main ideas, advantages and disadvantages of a big amount of thoughts and arguments. Our core focus will be on the determining main standpoints of such questions: what has been happening to the real median income of USA households in recent years, have all families been equally affected by recent changes in the American economy, at last, has economic inequality been increasing or decreasing and other. Thus, I am going to show and illustrate all possible sides these questions through this paper, using helpful links.
Indubitably, looking back on the past generation, you notice that the American family has undergone a major transformation; moreover, it is poised to change in the coming century. Divorce, cohabitation and single parenthood, obviously, resulted in a serious problem: it is quite possible that a majority of families rearing children in the next century will not include the children’s original two parents.
Further still, households mostly will not include children at all. Wanes (1999), states: “a generation ago, a job outside the home was somewhat unusual for mothers, but that situation has now become the norm. In result of the role women now have in the workforce; parents’ expectations of their children have changed” (“As American families enter new century”). Marriage, furthermore, has declined as the central institution under which households are organized and children are raised. Unsurprisingly, such changes have great impact on how American people see family life, in spite of it; traditionally many values continue to influence people’s attitudes. It is believed that American nation is on the middle range of the attitude scales. It is clear, seldom reaches the top levels of acceptance for what humanity would consider being a modern family arrangement.
Standpoints about family life are conflicting and various through American people. Mother employing seems not to be a suffering for children and family needs. In addition, Americans also are less likely than those in other countries to see work as a boon for women and staying at home as a detriment. Eventually, they see marriage like an institution for love and friendship. The purpose of marriage should not be having children. According to Wanes (1999), “while there has been a huge increase in labor-force participation among women in the last 25 years, Americans are still less inclined than people in other countries to support government assistance to working parents” (“As American families enter new century”).
Taking in account changes in real income for last years, it should be noticed that it refer to comparisons after adjusting for inflation. Moreover, the percentage changes in prices between earlier years and 2001 were computed by dividing the annual average Consumer Price Index for 2001 by the annual average for earlier years. With few exceptions, indubitably, median income did not change greatly for subgroups of the population. However, the real median income not only of family households, but also of nonfamily households declined between 2000 and 2001 years. DeNavas-Walt (2002) has found that: “the 2001 median household income in the United States was $42,228, representing a 2.2 percent decline in real income from its 2000 level of $43,162” (“Money Income in the United States: 2001”). Further still, the percentage declines in median income for family households, nonfamily households, as well, and even households, who are maintained by females with no husband present, are not different from the percentage declines for nonfamily households and households, who are maintained by males with no wife present. Facts given above are main points of changes of the real median income of American households.
Recent changes in American economy affected greatly all families, which are living in United States of America, but the question is how equal was it influence on all families. Hispanic-origin, the Northeast and American families faced with different changes of their being. Each race group income declined, obviously. Median income value increased, as well. Nevertheless, the difference between 2000 and 2001 years is not in every case great, somewhere it is rather small. Over time, tax laws may change and affect the economic well-being of the population. It must be mentioned, that economic inequality has been increasing. Wilkinson has argued “even though wages are disparate and family debt levels are high, the very low rate of unemployment, which has been sustained for more than a decade, has apparently kept the average American worker from demanding a more equitable share of the country’s enormous wealth”. His quotation seems to be acknowledgeable that consumption inequality has been increasing. Expectably, increasing in consumption inequality is to lag increasing in income inequality. However, increasing of inequality is not as bad as it seemed to be. The most surprisingly is that an economist tried to justify economic inequality because it is just happiness that matters, not money. According to Wilkinson, “the quality of budget-level products has increased faster than the quality of luxury-level products, so that the differential in material comfort is decreasing for a given differential in monetary consumption”. In addition, he argued that rich person is taxing himself in fact by spending enormous amounts of money on expensive things, however, that do not provide value commensurate to their cost.