Family Facts: Social Science Research on Family, Society & Religion

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This finding looks at the relationship between certain characteristics of the family of origin and individual asset accumulation.

Individuals who lived with extended family members or divorced parents growing up had, on average, lower levels of assets accumulation compared to individuals who lived in intact households growing up. Among those whose parents divorced, living with extended family was not associated with lower levels of asset accumulation in adulthood.

Sample or Data Description
Data came from the 1979 cohort of the National Longitudinal Study of Youth (NLSY79), a nationally representative survey, from 1979, 1985-1998. The analytic consisted of 3,053 individuals between the ages of 31 and 38 in 1998

Source
"Race, Family Structure, and Wealth: The Effect of Childhood Family on Adult Asset Ownership"
Keister, L. A.
Sociological Perspectives Vol. 47, Number . , 2004. Page(s) 161 – 187.

FindingID: 8593