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Modern Families Lead to Tailored Benefits

It sometimes seems that so-called "traditional" nuclear families are going the way of the dinosaur. So reports Employee Benefit News.

Indeed, one recent study found that U.S. households consisting of a traditional family – containing an opposite-gender marriage with one or more children less than 21 years of age – has plummeted from 40.3% in 1970 to 19.6% in 2014.

However, traditional family units seem to have one advantage over their more diverse counterparts: greater financial security. The study included no fewer than six distinct genres of diverse American families, many of whom reported some type of financial difficulty.

As a result, HR professionals may find themselves repackaging traditional benefits plans to accommodate employees' "modern" family structures.

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