Family Welfare

Family welfare depends on the goods and services consumed by the family members. A household that consumes good quality goods and services also has a high standard of living.

To consume good quality goods, a high or sufficient family income is required. The members of a family with a high or sufficient income obtain more family welfare and their standard of living is high.

Consequently, family satisfaction is also higher than in other households. Thus, family welfare, living standards, and satisfaction are interdependent. 

For example, in a family with a high income, all members obtain good food, good clothes, good education, etc. Therefore, their standard of living is also high, and family satisfaction is also high.

A person's standard of living depends on how their needs have been fulfilled. In other words, the quantity and quality of consumption of an individual or family determine their standard of living.

Therefore, individuals or families who consume more and better quality goods and services, or who obtain more family welfare, have a high standard of living and also greater family satisfaction or happiness.

The state or government also has a significant role in increasing family welfare, living standards, and satisfaction. If the state provides subsidies or free basic necessities such as food, clothing, education, health to low-income families, and provides allowances in the form of social security to the disabled, elderly, and unemployed who cannot work, family welfare, living standards, and satisfaction are likely to increase. 

In Europe and America, where the state provides social security to the people, the family welfare, living standards, and satisfaction of the people there are higher than those of families or people in other countries.

The welfare, living standards, and satisfaction of any family also depend on the economic decisions they make. Even if family income is used properly and unnecessary expenses are avoided, it is possible to provide high welfare, living standards, and satisfaction to the family.

Various Factors Affecting Family Welfare, Living Standards, and Satisfaction

There are various factors that affect family welfare, living standards, and satisfaction. The main factors among them are as follows:

(a) Family Income: Families with higher incomes have greater quantity and quality of consumption. Consequently, family welfare, living standards, and satisfaction are also higher.

(b) Family Size: Family size is another important factor affecting family welfare, living standards, and satisfaction. In a large family, even if the family income is high, it is difficult to fulfill the needs and desires of all family members. However, if the family size is small, even a small income can fulfill many family needs. Thus, family welfare, living standards, and satisfaction are higher in small families.

(c) Education: Education has a significant impact on family welfare, living standards, and satisfaction. The earning capacity of educated people is higher than that of uneducated people. Similarly, educated people spend thoughtfully and rationally. Therefore, the family welfare, living standards, and satisfaction of educated families are higher than those of uneducated families.

(d) Family Culture: The welfare, living standards, and satisfaction of any family also depend on its family culture. Some families consume more to show off to others even if their income is low. However, some families maintain a low standard of living even if they have high incomes. For example, the descendants of old kings and emperors have maintained a high standard of living due to cultural reasons even if their income is low.

(e) Other Factors: Other factors such as the price level of goods and services, social traditions, employment opportunities, housing, the behavior and thoughts of the household manager, the feeling of responsibility towards the family, social customs, the consumption and living standards of neighbors, the state of economic development of the country, and the availability of goods and services also affect family welfare, living standards, and satisfaction.