Wednesday, August 31, 2022
Marriage Bonus
From CNN:
It pays to be married. In response to new information from the Federal Reserve Financial institution of St. Louis and reported within the Wall Avenue Journal, the monetary hole between married {couples} and single individuals aged 25-34 has widened right into a chasm, with married {couples} price practically 9 occasions as a lot as singles. That is a giant leap from 2010, when marrieds had been nonetheless price 4 occasions as a lot as singles.
A few of that is simply math: Households with two adults in them have extra assets. They’ll be capable of break up the price of hire and groceries and extra simply qualify for a mortgage or save for a down cost on a home.
However a few of it is usually in regards to the privileges the US continues to bestow on married {couples}, and the methods by which our workplaces, norms and expectations haven’t considerably shifted because the period of the patriarchal nuclear household, with a dad out incomes the bread and a mother at residence elevating kids — whilst our households and our lives have radically modified. America in 2022 is just not the America of 1952, and if we wish to slim the hole between singles and marrieds — if we wish to be certain that all individuals can thrive, whether or not they’ve tied the knot or not — we want our authorities and our workplaces to leap into the twenty first century and create insurance policies and areas that assist a range of people and households.
https://lawprofessors.typepad.com/family_law/2022/08/from-cnn-it-pays-to-be-married-according-to-new-data-from-the-federal-reserve-bank-of-st-louis-andreported-in-the-wall-st.html
