The equal sharing of financial resources and, hence, material well‐being has become an assumed norm of contemporary heterosexual families. Of course, this is not to say that heterosexual couples actually enjoy financial equality or that they share a similar standard of living. In fact, as Pahl (1989) pointed out over 15 years ago, the failure to open up the black box of familial economies to sociological scrutiny has operated to disguise intrafamilial inequalities: amongst married couples these inequalities, as numerous studies have consistently demonstrated, possess a strongly gendered character. It is women and children who tend to be poor even when the households to which they belong are in receipt of adequate incomes.