Strollerderby

Budget Baby: 5 Reasons to Feel Better About Your Family Finances

Feeling better about family finances in the face of high gas and food prices, layoffs, and falling real estate values is especially challenging these days.  It doesn't help that cries of "the sky is falling!" appear everywhere.

Not to minimize the real struggle many families are facing, but compared to our grandparents and their parents, some of whom suffered through the Great Depression, our woes don't seem as insurmountable:

1. Life Expectancy - In 1930, the average woman lived to 61 the average man lived to 58.  In 2004 the average life expectancy increased to 80 and 75 respectively. Yes many of us have no health insurance, but we live much longer than our forebearers.  Most of us would agree that this is a good thing.

2. Unemployment Insurance  - By 1932, approximately 25% of the workforce was unemployed.  Today that rate is rising, but still significantly lower than during the Great Depression (5.5%), and since 1935 most of us have access to unemployment insurance.

3. Child Labor Laws - The Industrial Revolution in the United States meant 18 hour days for factory workers, many of them as young as 2 or 3.   Child labor laws as well as laws ensuring a 5-day work week/8 hour work day weren't proposed until the mid-1930s as a way to stimulate employment opportunities for more Americans.

4. Family Size - In the 1920s and 1930s in some parts of the country the average family had 5 kids.   Think it's hard managing your family (today's average family has 2 kids)? Try handling that many kids.  Likely they'd be more helpful around the house (or farm) and would call you "ma'am" or "sir" but this would likely fail to offset the added strain.

5. Weekends - In addition to employing children, factories used to require 6 or 7 day work weeks and 18 hour days.  Thanks in large part to the U.S. labor movement, many of us now enjoy 40 hour workweeks and weekends.   Americans still work longer hours than workers in other industrialized countries, but at least we can do so in spaces like this.

Also of note, we're less likely to spend as many years in states of pregnancy and lactation, have easier access to more nutritious foods, and are less likely to die in childbirth.  See? It's all about perspective.

[Photo Credit: Dorothea Lange


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Comments

 

bookmama said:

You make some great points, but I think you're overstating the case with child labor. Few, if any, factories hired 2 or 3 year olds to be on the job for 18 hours a day. They did hire children (because their little hands could get into machines that big hands could not), but toddlers weren't on the job in factories. If they were "working" at all, they were "helping" in the fields; in urban areas, they were at home with their mothers while moms did piecework in cramped, unventilated one room flats that had no electricity or water, occupied by multiple generations or several families.

Here are some stats from my lecture notes:

1.7 million children (under 16) were employed as workers in factories and fields in late 19th century America; 60% of those worked in agriculture. Ten percent of girls aged 10-15 and 20 percent of boys held jobs.

July 1, 2008 7:19 PM
 

Combermere said:

Although we are living longer, we're not living as much longer as those numbers might suggest - its just that less people are dying in childhood or at birth. Life expectancy factors in those deaths, which is what brings the average down in historical life expectancy data. There were still plenty of crotchety old folks telling you to get off their lawns back in the 30's - people didn't drop dead at 60.

July 2, 2008 6:45 AM
 

Liane said:

And our parents lived far better than we did. We make significantly more than our parents, but pay much, much more for housing, cars, food, etc.

July 2, 2008 9:18 AM
 

leahsmom said:

A good reason to support the dying labor unions in the US, right? They helped establish the weekend and regulated hours!

July 2, 2008 9:40 AM
 

Kristina said:

Hi, I just wanted to comment that the photo on this page is not by Walker Evans as you credited. It's by Dorothea Lange. Being that it is one of the most famous photographs of all time, this is something that could have been easily fact checked...

July 2, 2008 6:02 PM
 

Rachael Brownell (Redsy) said:

Thanks for the correction, Kristin.  Correction noted.

July 2, 2008 6:13 PM
 

mamazee73 said:

i'm with you until the "smaller is better" comment - i've got seven children, all about 2 years apart, and it's not that much more expensive (clothes, toys, bikes, get passed down and replaced when that size of item needs to be :)...)and #1 - way more fun for children, who always have someone to play with and #2  - way less work for mama, who has a few little helpers to split up morning chores with.  A mom with only one or two children (me 10 years ago) has it rough - as your little ones look to you for most of their entertainment needs as well as feeding, dressing, pottying.  a little baby in a big family has several pairs of bigger arms, willing, ready and eager to cuddle :) - and a baby (or a toddler or a preschooler, or a just learning to read, or a budding preteen, or a teenager) is just free entertainment - way more fun than shopping is a heart to heart with a ten year old budding artist, or a made up song from a 4 year old :)  

July 2, 2008 8:19 PM

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