Includes bibliographical references (pages 237-250) and index.

Having a child, it has been said, is the greatest risk one can take. Marriages may come and go but parenthood endures. There is simply no escape--no exit--from the emotional and practical responsibilities of parenting. Nor should there be. While certain questions swirling around children--What constitutes a "good" parent? What is the role of the state in ensuring the welfare of the child?--are endlessly debated, consistency and continuity of care incontrovertibly play a foundational role in the developmental years of a child's life. Children, everyone agrees, need strong, reliable parenting. Parenting today, however, also involves something else: unprecedented economic peril. Over time, our society's demands on parents have skyrocketed, while the economic rewards of child-rearing have diminished. Once, children provided financial benefit, as workers on the farm and as security in old age. For today's parents, however, having a child is a one-way obligation, one which narrows paths and saps resources. Much of the economic burden falls on mothers, who work less, earn less, and achieve less than their childless peers. Low-income parents often struggle day-to-day to care for their children, hold down a job, and somehow find decent but affordable child care. Parents with severely ill or disabled children may find the course especially precarious.

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