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What is a dual-income family?

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A dual-income family is a family that gets money from two separate incomes, such as an income from the father and mother. The number of dual-income families rose 31 percent between 1996 and 2006, and it is currently the most common type of family income style, according to Forbes magazine.

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Whereas it was previously more common for families to survive off of only a single income, dual-income families made up 59 percent of families in 2012, according to the United States Bureau of Labor Statistics. It is becoming less common for women to perform only stay-at-home duties, and some attribute the rise of dual-income families to necessity based off of rising education and product prices, suggests Forbes.

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