Our Family Time Shortage


Yglesias asks, “what do people have less of than they had 40 years ago?” Krugman nominates family time:

[W]hat we have is a situation in which American families have more stuff, but they have managed to afford that stuff only by being two-income families, with ever less family time — unlike their European counterparts, who have gained in shorter hours and vacations what they lost in stay-at-home wives.

(Chart from (pdf) the Federal Reserve Bank of Minneapolis)