This is a jukugo word, which usually means on'yomi readings from the kanji. If you know the readings of your kanji you'll know how to read this as well.
My hungry wife and children are waiting for me at home.
Even though Koichi has a wife and kids, he visits his favorite hostess every night. Don't you think he's terrible?
Now that I’ve been transferred to the new branch store, I’m feeling really motivated. Working hard to find a good man has become one of my daily routines. I don’t care whether he has a wife and kids, you know? lol