This book focuses on the way the family economy is being shaped both by changes in living arrangements and in intergenerational financial flows. It addresses issues of variations in the processes in the United States, particularly differences among ethnic, racial, and religious communities.

Preface -- The New Family Economy -- Part I -- Nonfamily Living Arrangements Among Black and Hispanic Americans -- The Asian-American Traditional Household -- Nonfamily Households and Housing Among Young Adults -- Living Arrangements Among the Older Population -- Are Mormon Families Different? -- Part II -- Children Leaving Home and the Household Economy -- Family Transfers and Household Living Arrangements Among the Elderly -- Part III -- Household Structure and Living Alone in Israel -- Intergenerational Household Extension in Japan -- Ethnicity and the New Family Economy