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Describe the Differences Between Simple and Complex Stepfamilies

question 68

Essay

Describe the differences between simple and complex stepfamilies.Provide real examples to illustrate the different stepfamily forms.


Definitions:

Savings

The portion of disposable income not spent on consumption of goods and services, set aside for future use or for investment.

Disposable Income

The financial resources available to a household for saving and spending after subtracting income taxes.

Consumption

The part of income or the amount of wealth that is used for purchasing goods and services for personal use.

APC

The Average Propensity to Consume indicates the share of income used for consumption purposes.

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