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The Five Essentials of the Modern American Family

Millennials are about to overtake the Baby Boomers in the workforce. It’s estimated that there are 56 million millennial workers in the country’s workforce today. It is by far the largest workforce that the country has ever had. Because of this, millennials are changing perceptions of consumerism and the modern American family. Here’s how they have defined the new essentials of starting a family in the country.


More and more millennials are hesitating to start their own family. One of the main reasons for this is the cost of living. Millennials believe that before anyone starts a family, you need to be financially stable. This means having an excellent job with a good salary. However, you also need to have some savings. It’s so you can cover unexpected costs, like a medical emergency or a job loss.

It’s why most millennials plan to start a family at around 23 to 24 years old. It’s much older when compared to previous generations.

Starting a savings account for your future family isn’t so hard. First, you have to choose how you want to save your money. You can do this by using a savings account, investing in stocks, or even starting your own business. Whichever method you choose, ensure you save as much money as possible.


In the past, getting a high school diploma was enough to get a well-paying job. However, times have changed. Most millennials believe you need to have at least a college degree to provide for a family. This is because the cost of living has increased, and jobs that pay well are hard to come by.

Studies have found that people who have graduated from college are more likely to find a job that pays $35,000 or more. They are also less likely to experience unemployment.

Of course, getting a college degree isn’t easy. It takes time and money. It also requires a lot of dedication on your part. But it’s worth it in the long run, especially if you want to start a family in the future.

A family protected by insurance

Health Insurance

One of the most significant changes in the modern American family is the need for health insurance. In the past, it was common for families to have one parent stay at home to take care of the children. However, with the high cost of childcare, many parents now have to work. This means they need health insurance to cover the costs of medical emergencies.

Most employers offer health insurance, but it can be expensive. The average cost of family health insurance is $18,000 per year. This is a significant expense for most families. Many millennials wait until they are covered before starting a family. This can cover the costs of childbirth and even long-term care for the children.

A Stable Home

Many Baby Boomers started a family before they even owned a home. However, millennials believe a stable home is essential before starting a family. Buying a home can be expensive, but that’s why many millennials aren’t afraid to get a loan for it. They actively seek mortgage companies who can give the right loan for their dream home. Additionally, they keep an eye out on the real estate market for the perfect time to buy. Some don’t shy away from buying fixer-uppers if they can afford it with cash.

A home can offer a lot to your future family. It provides more than just shelter. A home can be where your children can grow and make memories. It’s a place of safety and security. That’s why many millennials believe a stable home is essential.

A Supportive Community

The modern American family doesn’t just consist of a mother, father, and children. It also includes extended family, friends, and even the community. Millennials believe having a supportive community before starting a family is essential. Raising a family is hard work, and it’s often difficult to do it alone.

Many millennials seek places with good schools and safe neighborhoods when looking for a community. They also look for places with plenty of things to do for families. This can include parks, playgrounds, and even libraries.

The community plays a fundamental role in the modern American family. It can provide support, resources, and even fun for the family. That’s why finding a supportive community to live in is important before starting a family.

Perceptions of the modern American family have changed, alongside the essentials of starting one. Getting these essentials can provide a stable and supportive environment for your future family. It can also make it so much easier to live a happier life.

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