Single Parent Homes
A study conducted by the Organization for Economic Cooperation and Development revealed that 72 percent of African-American children are raised in single parent homes. Reportedly, single parents are more likely to be employed, but they are also more likely to fall below the poverty line. Basic child-raising costs such as health care, nutrition, caregiver services and housing accommodations can financially strain many families.
As the seemingly endless expenses mount, disposable income is often not available to most adults in single parent households. Additionally, the challenge of making ends meet does not leave much capital to save for retirement or invest toward economic mobility.
