Earlier quoted context omitted.
Statistically though, married people have more money. "married women can pay as much as $1 million less than their single counterparts over a lifetime" "married men between 28 and 30 years old earn around $15,900 more a year in individual income compared to their single counterparts, while married men between 44 and 46 years old make $18,800 more than single men of the same ages" + other benefits https://www.business…
Do married people have more money, or do more financially secure people get married?
Millennials Are Causing the U.S. Divorce Rate to Plummet
131–140 of 266 posts
Re: Millennials Are Causing the U.S. Divorce Rate to Plummet
#132speaking as a millennial there is a big reason Marriage is overtaking divorce. Health insurance. Most of us dont have jobs that afford us competent healthcare. Seriously, thank the gig economy. Affordable Care Act providers either do not exist in some states or are overpriced/worthless for what they do cover. There are still roughly 25 states that have not expanded medicare either. Getting married is a quick and simp…
Aye, I have a handful of American friends who have married another friend simply to access/combine one-another's health benefits. That doesn't seem to happen in Canada...
Re: Millennials Are Causing the U.S. Divorce Rate to Plummet
#133Earlier quoted context omitted.
I think about this from time-to-time. My partner and I know we couldn't afford children now, though she's constantly ..."noticing the clock ticking". I'd like children some day. But what makes me snicker is it sounds exactly like the beginning of Idiocracy.
That movie got a heck of a lot right. Still amusingly scary at times.
There is even a argument that Idiocracy is a utopia. https://youtu.be/OmZOZjHjT5E
Re: Millennials Are Causing the U.S. Divorce Rate to Plummet
#134Earlier quoted context omitted.
I'm not sure. This is at odds w/ some parts of the article near the end claiming marriage as a status symbol, specifically: > Fewer people are getting married [...] Many poorer and less educated Americans are opting not to get married at all Granted the article is not necessarily any more accurate. My pet theory is lack of societal compulsion.
I remember a Howard Stern interview (back in 2005-6?) with Paul McCartney where Howard asked if Paul was making his new wife sign a pre-nup. He wasn't. His response was "A pre-nup for someone who's worth half a billion dollars doesn't make sense. You'll live fine on a quarter billion dollars. It's the guy who's only worth $80k that should be getting a pre-nup." I definitely put off marriage (I'm on the youngest side…
Re: Millennials Are Causing the U.S. Divorce Rate to Plummet
#135Millennials are forced to be more careful, because they're climbing a difficult and important ladder into financial security. Most people I know who aren't looking to marry are just very aware that this is not the right time for them, neither finically nor in relation to achieving their professional goals.
I’m a millennial so I’m sympathetic but this is something I’ve heard a lot about anecdotally without a lot of data behind it. Here are two more anecdotes: My dad graduated in 1976 in the middle of stagflation and had a 12% apr on his first house in the mid 80s. His dad graduated into the recession that stretched between ww2 and Korea. I think we’re too quick to look at generations that have accumulated wealth and acc…
Re: Millennials Are Causing the U.S. Divorce Rate to Plummet
#136Earlier quoted context omitted.
Statistically though, married people have more money. "married women can pay as much as $1 million less than their single counterparts over a lifetime" "married men between 28 and 30 years old earn around $15,900 more a year in individual income compared to their single counterparts, while married men between 44 and 46 years old make $18,800 more than single men of the same ages" + other benefits https://www.business…
Question is correlation though. Is it likelier for people who are married (perhaps correlating with more responsible) to hold better positions? Or have higher pressure to make more money and thus act on that? Also, in US and Canada, there are significant tax benefits to being married.
Re: Millennials Are Causing the U.S. Divorce Rate to Plummet
#137Re: Millennials Are Causing the U.S. Divorce Rate to Plummet
#138Earlier quoted context omitted.
I think about this from time-to-time. My partner and I know we couldn't afford children now, though she's constantly ..."noticing the clock ticking". I'd like children some day. But what makes me snicker is it sounds exactly like the beginning of Idiocracy.
And Federal Reserve officials laugh when people suggest their policies and currency debasement causes declining birth rates. Their inflationary policies and increasing cost to live absolutely affect the ability and willingness of people to have children.
Re: Millennials Are Causing the U.S. Divorce Rate to Plummet
#139Millennials are forced to be more careful, because they're climbing a difficult and important ladder into financial security. Most people I know who aren't looking to marry are just very aware that this is not the right time for them, neither finically nor in relation to achieving their professional goals.
Statistically though, married people have more money. "married women can pay as much as $1 million less than their single counterparts over a lifetime" "married men between 28 and 30 years old earn around $15,900 more a year in individual income compared to their single counterparts, while married men between 44 and 46 years old make $18,800 more than single men of the same ages" + other benefits https://www.business…
Regardless, I don't think your link is evidence that married people have more money. Dual income no kids couples certainly do, but single income double kids families are just... poor.
Re: Millennials Are Causing the U.S. Divorce Rate to Plummet
#140Earlier quoted context omitted.
Child support payments are not the cause of women's financial woes after divorce, but you can absolutely look at the same general sentence: "Women that marry in their late 20s and have kids in their 30s don't like the idea of living in a crappy apartment, driving a 15yo Civic and eating rice and beans well into their 50s because they're getting bent over for" being women who had kids, often put their careers on the b…
> often put their careers on the back burner, often were not aware of financial decision-making within the marriage, & got divorced without the ability to make as much money. It's interesting how some paint this picture of mothers who decided to be homemakers as women who are just too dumb to care the correct amount about climbing the career lader.