The modern American family looks very different than families in the past. Decades ago, a family included a man, woman, and children. Now families might include two men, two women, extended family or co-parenting arrangements where the parents don’t live together. The new family is creating very different economic outcomes simply because many modern families may sport 2 or more incomes. For married couples that both work, they parent differently and have greater resources. Even among single parents, a better-educated parent will most likely earn more and create a different outcome for their child. For single parents without education, their children will not have the same type of advantages. This creates some interesting generational poverty problems that our society is ill-equipped to mitigate.
To learn how modern families increase social inequality watch this helpful video from The Economist: