What is Family Resource Management and why is it important to today’s American family?

Family Resource Management (FRM) is a field of study that looks at how families use and manage their resources. This can include things like time, money, and leisure. FRM is important to American families because it can help them make the most of their resources and improve their overall well-being. In family resource management, resources are any physical or intangible assets that a family can use to meet their needs and support their well-being. These resources can include everything from financial assets and property to social networks and human capital.