Socioeconomic Status Family Processes and Individual Development

Try out PMC Labs and tell us what you think. Learn More. Research during the past decade shows that social class or socioeconomic status SES is related to satisfaction and stability in romantic unions, the quality of parent-child relationships, and a range of developmental outcomes for adults and children. Research findings reported during the past decade demonstrate support for an interactionist model of the relationship between SES and family life, which incorporates assumptions from both the social causation and social selection perspectives. The review concludes with recommendations for future research on SES, family processes and individual development in terms of important theoretical and methodological issues yet to be addressed. We begin this report by considering the economic changes families have experienced during the period from to the present. Following our discussion of economic conditions, we turn our attention to evidence for the association between socioeconomic status SES and 1 satisfaction and stability in adult romantic relationships, 2 the quality of parent-child relationships, and 3 the personal adjustment of adults and children. From our review of research and theory during the past decade, we conclude that the relationship between SES and the quality of family life is less simple than once assumed.

Even if some studies show that wealthier ancestor tend to be happier, prioritizing capital over time can actually have the opposite effect. Where your work meets your life. See more from Climb here. How often have you cheerfully sacrificed your free time to accomplish more money? But new research suggests that prioritizing money over time can actually undermine our happiness. In a recent study, more than 1, students graduating from the University of British Columbia completed an assessment measuring whether they tend to value time above money or money over time. The majority of students reported prioritizing age — but not by much. The researchers found that the students who prioritized money ended up less blissful a year after graduation, compared en route for their classmates who chose to prioritize time. A mountain of evidence shows that, on average, wealthier people are happier.

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