Personal Finannce

TMA 01 A) People in the get together Kingdom live in different types of households and family units during their life cycle. In this question Im going to be summarising what are the most significant changes that gather in occurred in the composition of such households between the periods of 1971 and 2008. Firstly it moldiness be pointed out that the number of households over this period has increase from 18.6 trillion to 25 million. Secondly, in 2008 the number of people alert in a one family household represents 66 per centum of all households compared to 77 pct in 1971. That is a return of 11 percent over a 37 division period. If we break these figures down further, in 2008 the attribute of households in the United Kingdom comprising couple families with one or two children go through fallen by 8 percentage points since 1971 from 26 percent to 18 percent. During the equivalent period there was also a fall in the number of large families, namely families with tierce or more dependent children. In 1971 this represented 1.674 million households however by 2008 this figure had fallen to just terce quarters of a million.

However despite there existence a decrease of 16 percentage points in the proportion of households consisting of couple families with children between the 37 year period, there has been a fairly significant increase in the number of solitary parent families with dependent children. The increase has more than doubled during the same period from 0.558 million households to 1.75 million. The sharpest increase was seen between 1971 and 1991. However during the twenty-first Century this has stabilised at 7 percent. It can clearly be seen that between 1971 and 2008 that the number of one person households under the state pension age (60 for women, 65 for men) has seen a outstanding rise of 9 percentage points in 1971 1.116 million lived exclusively within a household, however by 2008 this had jumped to 3.75 million. This has more than tripled. The... If you deprivation to get a full essay, order it on our website: Orderessay

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