A husband and wife, 2.5 kids, a dog and a white picket fence – it’s been the middle class American dream for generations. Until now.
According to a new report by CNBC, middle class families are on the decline in the U.S., and it’s all thanks to the current state of the economy.
“The economy has not been supportive of marriage,” said Isabel Sawhill, co-director of the Center on Children and Families and the author of the book Generation Unbound. “As marriage has disappeared and other lifestyles – single and unmarried parenthood – have become more prevalent, these family structures have gained a staying power that’s not easily reversed simply by changing the economic environment.”
Image via flickr/Orin Zebest
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