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Press Release | Parents Today Have Less Money to Raise Their Kids
Experian Simmons Study Revealed a Decrease in Household Income, and Married Parents Are More Likely to Send Their Kids Out of the Home for Care Than Single Parents NEW YORK, NY--(Marketwire - May 11, 2009) - The celebration of Mother's Day began as early as the Greek period, when the mother goddess to all gods, Rhea, was honored. Today, however, the responsibility of raising a child has evolved to become a team effort, and both parents equally share the pressure and the joy of rearing a child. So for this Mother's Day, Experian® Simmons(SM) decided to review parenthood as a whole and reflect on the definitions of "family" in order to better understand the whos, whys and hows of parenting. Families with married parents are more likely to have one parent who is a homemaker. Interestingly, however, there are more married parents who send their child outside the home for care than parents who are single or were never married (married: 16 percent; single: 14 percent; never married: 13 percent). Another finding, from an Experian Simmons four-year trend analysis, discovered that parents today are taking care of their family on less money; this is probably due to the economy's current state. Conversely, despite having less money, households with children are more optimistic than households without children. To learn more about today's parents and the definition of "family," download the free report. About Experian Simmons
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