Yes because... No because... housewives give children the attention they need
Psychologically,diet-wise and academically. Housewives can be both educated and uneducated but the fact that they spend more time with their children means that they put in a greater effort and since they are not preoccupied with their job(read: cellphone); they pay the close attention needed to keep their children out of trouble.
Think of housewives as inspectors in your home; they will make sure the food's on the table,children have done their chores/homework, will talk to the kids even when they don't want; unlike fathers they can stroll into bedrooms at any time and check every nook-&-Corner so it is drug/cigarette/alcohol-free.
A busy mother will be humming about worrying about the way she might lose the promotion to her professional nemesis !
Counter:
Talking to your parents about paying bills and getting a promotion; makes older people feel useful and younger people(the children) feel secure that they have the family/fall-back option. That their parents can be relied on not feared; respected/loved/kind/understanding rather than unhelpful and distant. Parents themselves feel that children who talked to them about their problems can be trusted/leaned-on with their own. Thus [parents trust their children to be there for them in their time of need. This symbiosis throughout lifetimes is healthy and efficient for both parent/(s) and child/(children).
People want to be relaxed all the time(At home AND at work) that is why all the research on work-stress is so important.
The key to good health according to most research is having people around irrespective of whether they are tense or relaxed; just having them around provides security/welfare.
All this attention can be suffocating. Children need space to grow.
Traditionally housewives had many children; therefore each child had the room to grow individually