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Marriage is "Going out of style"
ID:z22GsoPS No.45977712 View ViewReplyOriginalReport
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http://www.usatoday.com/story/money/columnist/2015/06/01/regan-markets-june-millennials-economy/28159539/
> It's June — the time of year when we're supposed to hear wedding bells. You know the drill: The invitations start pouring in and you find yourself scrambling to order gifts from registries and block off summer weekends to attend ceremonies and parties.
> Only, this year, there aren't quite as many invitations. And next year, there will be even fewer.
> According to the Pew Research Center, the American marriage rate hit a rock bottom of 50.3% in 2013, down from 50.5% the previous year. Compare that to 1960, when 72.2% of Americans married. Meanwhile, a new finding by the forecasting firm Demographic Intelligence, suggests marriage rates will continue falling into next year as Millennials choose to opt out of traditional relationships.
> Marriage is going out of style and that's a problem. An economic one.
> This decline in marriage is the last thing a fragile economy needs. Historically, a rising household formation rate has contributed to America's financial success. People meet, they marry, they buy a home, they have children and they buy more things. One new household adds an estimated $145,000 to the U.S. economy thanks to the ripple effect of construction spending, home improvements and repairs.
Discuss /pol/
> It's June — the time of year when we're supposed to hear wedding bells. You know the drill: The invitations start pouring in and you find yourself scrambling to order gifts from registries and block off summer weekends to attend ceremonies and parties.
> Only, this year, there aren't quite as many invitations. And next year, there will be even fewer.
> According to the Pew Research Center, the American marriage rate hit a rock bottom of 50.3% in 2013, down from 50.5% the previous year. Compare that to 1960, when 72.2% of Americans married. Meanwhile, a new finding by the forecasting firm Demographic Intelligence, suggests marriage rates will continue falling into next year as Millennials choose to opt out of traditional relationships.
> Marriage is going out of style and that's a problem. An economic one.
> This decline in marriage is the last thing a fragile economy needs. Historically, a rising household formation rate has contributed to America's financial success. People meet, they marry, they buy a home, they have children and they buy more things. One new household adds an estimated $145,000 to the U.S. economy thanks to the ripple effect of construction spending, home improvements and repairs.
Discuss /pol/
