
doi: 10.1111/fcsr.12187
Modern American families take many shapes, and financial educators must meet the needs of diverse family structures, including extended families. Extended family households have increased since the recent recession, and additional family members can be both a source of support and a burden to the household. This article reviews the literature on extended and shared households and their impact on individuals’ financial behaviors. The article explains the types of extended and shared households, informal and formal support relationships, family financial socialization, and subgroup idiosyncrasies. The article concludes with implications and suggestions for financial educators and researchers.
| selected citations These citations are derived from selected sources. This is an alternative to the "Influence" indicator, which also reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically). | 8 | |
| popularity This indicator reflects the "current" impact/attention (the "hype") of an article in the research community at large, based on the underlying citation network. | Top 10% | |
| influence This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically). | Average | |
| impulse This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network. | Average |
