Question

How do economic laws and policies impact families? What are some examples?

Answer 1

Economic laws enforced through the government's role as regulator and protector have a daily impact on families. Laws have a daily impact on the American's lives whether they relate to education, housing, social services, nutrition, food safety, consumer rights or the environment. A stable, fairly compensated work gives a solid foundation for the creation and maintenance of healthy and strong family relationships.

Example of economic laws and policies that impact families includes:

--Increasing the minimum wage: The policy improved the financial resources for millions of young, unmarried workers who might be contemplating family commitments

--Expanding Medicaid: When a family member lacks health insurance, it may result to financial burdens, poor health outcomes, elevated stress levels, and family instability. With expanding medicaid they are stress-free and thus have positive impact on their commitments towards their families.