According to the U.S. Census Bureau data, our sour mood on marriage has been sustained for three consecutive years in a row, 2009-2012 with signs that it hasn’t abated. We’ll see what the newest numbers bring. The number of divorces in 2012 reached a record-high of 2.4 million. Not only are we ending more marriages but fewer are being created according to the National Center for Family and Marriage Research. Their findings show the marriage rate is down a whopping 60%.
If you are a believer in marriage, even hoping it’s coming for you, these stats can put you down in the dumps. But just like with every thunderhead the clearest sunny day follows. According to the U.S. Census Bureau, all this divorcing is good for the economy. Two separated people have to get two separate houses, or at least two distinct places to live. That means new leases or mortgages and more money flowing into the economy. That’s good for everyone else. The bad news? There isn’t much benefit to the individual.
Single women are the biggest growing demographic in the economy. They are also buying houses in droves according to the U.S. Association of Realtors. Richard R. Peterso, author of the book Women, Work, and Divorce recently said that, “Divorced and never-married women are more likely to work and to work more hours per year, and are less likely to withdraw from the labor force, than married women.” According to investment website LearnVest.com those who are single shell out more for the privilege of living alone, $67,000 more over six decades.
A recent story in The Atlantic stated that women can expect to make one million dollars more if you take taxes, healthcare and other things such as this into consideration. Though a bad economy usually increases divorce rates, due to the strain it puts on couples, some experts believe lots of people are staying separated, cohabitating instead of getting married and altogether avoiding divorce. Only with time will we see what actually happened to marriage due to the Great Recession.