Friday, 22 June 2007
5) Marriage and inequality in the USA
http://www.economist.com/world/na/displaystory.cfm?story_id=9218127 an interesting article from the Economist. The author muses on the recent social trend of divorce rates falling at the top of American society while increasing at the bottom. In the USA, 92% of children whose families make more than $75,000 a year live with two parents, while at the bottom, families earning less than $15,000 only 20% live with two parents. The article discusses the fashionable idea that marriage is a ‘wealth generating institution’. How should we understand marriage and disadvantage?
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