Father’s Day is a time to celebrate the dads in our lives. And it’s also a time to reflect on the important role fathers play in our families, both financially and emotionally. According to a study “Child Development,” published in the National Library of Medicine, children who grow up with involved fathers are more likely to do well in school, have fewer behavioral problems, and be healthier adults. They are also less likely to engage in risky behaviors, such as substance abuse or crime.

Financially, as Professor Wendy Manning notes, families with a male who is both husband and dad are also better off. Her research found that families with a married father make 50% more money than cohabitating parents. But how?

When fathers are involved as husbands, something that seems magical happens in a healthy marriage. The spouses work together in an intimate way that cannot be imitated by simply “playing house.” Succeeding with financial goals is not only a pathway for children, but it produces less stress, greater holistic stability, and are more likely to be effective members of society. Simply said, they see a dedicated team do well and they mirror that example.

Children who grow up with involved fathers are more likely to graduate from high school and attend college. They are also less likely to be teen mothers or fathers. They are also less likely to be incarcerated. And they are more likely to be physically, emotionally, mentally, and spiritually healthier.

Of course, not all fathers are financially stable, and some aren’t husbands. But even in low-income families and families that are struggling, fathers can make a huge difference. If you’re struggling to have the healthy fatherly impact, then I invite you to reach out to us.

Ready for a financial coaching session with us? Click here. It’s free if you can’t afford it.

Read the notes of the study at https://www.ncbi.nlm.nih.gov/pmc/articles/PMC4768758/.

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