As the family goes, so goes the economy

As the family goes, so goes the economy
Posted By Jennie Chancey on May 30, 2011



From Mercatornet:

As we know, the family in western countries is not going very well. In its introduction the FRC report points out that people have a reduced capacity for the intimate social relationships that marriage demands.


Most American parents cannot stand each other enough to raise the children they have brought into existence. In 2008, only 45 percent of American seventeen-year-olds were in a family headed by their biological parents, leaving them weaker in their relational capacities than prior generations. The numbers are lowest among African-Americans, where only 17 percent of seventeen-year-olds have spent childhood in an intact family. Among Asian Americans the intact family is strongest, but even for them it is only 62 per cent.


Some people claim that family breakdown and the rise of cohabitation is nothing more than growing pains experienced as the family changes and becomes more diverse. Laws, social policy and the economy have to catch up with the evolution of the family, they say.


In sharp contention with that view is the title of the report: “Marriage and Economic Well-Being: The Economy of the Family Rises or Falls with Marriage”. Authors Patrick F Fagan, Andrew J Kidd and Henry Potrykus have analysed federal data and academic studies and demonstrate their case convincingly: the family based on a lasting marriage (the “intact married family”) outperforms other sexual partnering structures — by a mile.


Read the full piece HERE.