The life cycle of a joint family depends on economic factors rather than social values. Discuss.
The life cycle of a joint family denotes the different phases that a family goes through. A joint family evolves into a nuclear family, and then goes back to being a joint family. For example, parents and their child live together till the child reaches marriageable age. Once the child grows up, he/she leaves home to start his/her own family. At this stage, the joint family evolves into a nuclear family. At a later stage, the old parents might move back in with their son/daughter for various reasons.
The phases of a joint family can be explained by various factors, which were mostly cultural and at times, social, till now. However, as of late, economic considerations have been a major influencing factor. The economies of sharing and running a common household make it simpler for extended families to share a living space. By sharing accommodation, members of the same extended family can save their expenditure on rent, which can be quite substantial in big cities. Rising property prices also makes it difficult for people of the lower and working classes to afford a home of their own; which, again, makes a joint family an economic necessity. Hence, though cultural and social perspectives that attached importance to living in a joint family have changed, the economic challenges of the 21st century has been a major influence of the life cycles of joint families.