A father and his three children wearing surfing wetsuits, running on a beach. Photo by Kampus Production under Pexels license.

Gendered work and family patterns among couples in the financial elite may be contributing to our widening socioeconomic divide. The unexpected recent growth in traditional arrangements, in which men work while women stay at home, offers clues as to why. That’s according to new research by Dr. Jill Yavorsky and her colleagues. 

The researchers analyzed longitudinal survey data from the Survey of Consumer Finances, which measures trends in household finances and labor dynamics across 108,854 different-gender, married households. By capturing both income and wealth over three decades, this data provides more nuance into the different sub-group dynamics among the most wealthy. 

The financial elite consist of three groups: the top 1% “super-rich”; the top 10% “rich”; and the top 20% “upper-middle-class”. These categories are based on both income and net worth. In addition to a “traditional” division of labor, the authors identify a “neo-traditional” division of labor if the husband works full-time and the wife works part-time. In a “dual-earner” household, both partners work full- or part-time.

The authors find that super-rich couples were more likely to engage in traditional divisions of labor, in which female partners oversee the home and domestic duties while the male partner works. Examining net worth, measured as all assets minus debts, revealed a larger gap between super-rich (53%) and rich couples’ (27%) traditional household arrangements. Looking at both wealth and income is critical to understanding the intergenerational transmission of status hierarchies. 

IDespite women’s increased workforce participation and the rise of dual-earner households across the bottom 99% over the last three decades, the prevalence of traditional labor arrangements among the top 1% remains unchanged. Understanding why these arrangements remain so common among the super-rich could provide a clearer picture of the cultural dimensions of wealth inequality. Moreover, trends in elite family formation, including the growth in family size and the moral prestige of being a “good parent,” may make traditional labor arrangements the logical choice for families in the top 1%.[the growth in family size and the moral prestige of being a “good parent,” may make traditional labor arrangements the logical choice for families in the top 1%. In contrast, pressures to maintain status may lead both partners in rich or upper-middle-class couples into full-time employment. 

By tracing the gender dynamics at the top, this research helps us make sense of the recent developments in gender norms, including the “tradwife” movement. Considered against the backdrop of widening socioeconomic inequality and reversals in reproductive rights, these findings show the enduring cultural influence of the super-rich.