Tuesday, May 29, 2007

Marriage Trends

A very interesting article in this week's Economist: http://www.economist.com/world/na/displaystory.cfm?story_id=9218127

Basically, the article discusses the gap between people who have babies in their teens versus those who don't. It equates young marriage and child-rearing with lower education levels, higher poverty, more chance for divorce, and more of the repeating cycle. And it shows this gap rising over time.

It also supports the education of what marriage is and raises questions about the glorified importance of marriage to Americans beyond the core idea of continuing the family line, where as countries like Italy and India stress that importance.

The marriage gap within the US makes me wonder about consumption being tied to a mass of people single without children. With the rising number of people waiting to have greater responsibility, has this aided to our more consumer-based culture? Sure not all people are single and gluttonous, but the single people are sometimes put on a pedestal. Rarely do I see the media value a stable relationship without the bait that it gets you tangible stuff.

Food for thought.

1 comment:

Anonymous said...

New York City versus the flat lands is really the perfect example of this because NYC almost forces you to be smart economically when it comes to planning a family. The cost of living is just so high, the medical benefit jobs so scarce that having babies at 22 just won't work. It's really not even feasible.

In the rest of the company where there is also not as much of an abundance of opportunity, life settles down relatively quickly. In New York, having enough disosable income to buy a place doesn't ever happen for most people, and for the rest, it's something that happens after putting in your dues. Elsewhere, you go to school, you get a job, cost of living is lower so you have disposable income and your life might be totally set when you're 23 or 24. You have a house, you're making about what you're going to make plus cost of living increases for the rest of your life. Why not start now and have a family?

I used to sit next to an economics expert when I ran Adholes full time. He asked me "What's the number you should look at when determining someone's long term financial prospects?" The answer? It's the number of kids they have.