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The term "family values" is often used in political discourse in some countries, its general meaning being that of traditional or cultural values that pertain to the family's structure, function, roles, beliefs, attitudes, and ideals, usually involving the "traditional family"—a middle-class family with a breadwinner father and a homemaker ...
Research on the history of the family crosses disciplines and cultures, aiming to understand the structure and function of the family from many viewpoints. For example, sociological , ecological or economical perspectives are used to view the interrelationships between the individual, their relatives, and the historical time. [ 1 ]
Sociology of the family is a subfield of sociology in which researchers and academics study family structure as a social institution and unit of socialization from various sociological perspectives. It can be seen as an example of patterned social relations and group dynamics .
Family values, sometimes referred to as familial values, are traditional or cultural values that pertain to the family's structure, function, roles, beliefs, attitudes, and ideals. Additionally, the concept of family values may be understood as a reflection of the degree to which familial relationships are valued within an individual's life.
However, producing children is not the only function of the family; in societies with a sexual division of labor, marriage, and the resulting relationship between two people, it is necessary for the formation of an economically productive household. [3] [4] [5]
The percentage of nuclear-family households is approximately half what it was at its peak in the middle of the 20th century. [6] The percentage of married-couple households with children under 18, but without other family members (such as grandparents), has declined to 23.5% of all households in 2000 from 25.6% in 1990, and from 45% in 1960.
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The family office invests the family's money, manages all of the family's assets, and disburses payments to family members as required. [ 24 ] According to Spear's Wealth Management Survey in 2022, "Family offices are private companies that support a number of functions for wealthy families including the smooth running of day-to-day affairs as ...