Marriage in America
The May 26, 2007 edition of "The Economist" had an article about Marriage in America. It is a great read if you care to see the rest of it. A couple of statistics that caught my eye:
- 29% of college-educated women got divorced within 10 years when married between 1975-1979, but only 16.5% when married between 1990-1994.
- 38% of high-school dropouts got divorced within 10 years when married between 1975-1979, but 46% when married between 1990-1994.
- 92% of children whose families make $75,000 or more live with both parents, while only 20% of children whose families make less than $15,000 do.
- Two-thirds of children born to co-habiting parents who later marry will see their parents split-up by the time they are ten.
Combine this with a negative savings rate, possible housing bubble, and things start to not look too good.