There are many benefits to being married, micro and macro, tangible and intangible.
The Case for Saying ‘I Do’, by Nicholas Kristoff, The New York Times, March 30, 2024
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Historically, most American adults were married — more than two-thirds as recently as 1970. But the married share has crept downward, and today only about half of adults are married…
Survey data indicates that married couples on average report more happiness, build more wealth, live longer and raise more successful children than single parents or cohabiting couples, though there are plenty of exceptions…
“Marriage predicts happiness better than education, work and money,” Wilcox writes. For example, survey data indicates that getting a college degree increases the odds of describing oneself as “very happy” by 64 percent. Earning a solid income lifts the odds by 88 percent. Being “very satisfied” with one’s job raises them by 145 percent. And marriage increases the odds of being very happy by 151 percent — while a “very happy” marriage boosts the odds by 545 percent…
Households headed by single mothers are five times as likely to live in poverty as those with married couples…Today about 51 percent of American kids reach adulthood with the same two parents they started out with…[end quote]
DH and I cohabited for 5 years before marrying in 1993. I love him like a teenager. But aside from the emotional benefits, household expenses are split between us so our financial position is more solid. We divide the many tasks of taking care of a home. We take care of each other when one of us is sick. It’s just safer to be married than alone. (Assuming that the people involved are safe.) Not to mention the health benefits of companionship vs. loneliness.
The decline of marriage in the U.S. is a Macroeconomic problem with national security implications. This impacts the working and lower class more than middle and upper classes since the lack of family-wage jobs makes men less desirable as husband material.
When it comes to marriage and family life, America is increasingly divided. College-educated and more affluent Americans enjoy relatively strong and stable marriages and the economic and social benefits that flow from such marriages. By contrast, not just poor but also working-class Americans face rising rates of family instability, single parenthood, and life-long singleness. Their families are increasingly fragile and poor and working-class Americans pay a serious economic, social, and psychological price for the fragility of their families.
Divorce is also more common among working-class and poor adults age 18–55, provided that they have married in the first place. Less than one-third of ever-married middle- and upper-class men and women have ever been divorced. Among working-class and poor men and women who have ever married, more than 40 percent have ever been divorced. [end quote]
The above-linked article explores many reasons why middle and upper class people have more marriage and less divorce than working and lower class people. (Especially with native-born Americans since immigrants have stronger marriage numbers.) But there is no question that this divide increases income inequality and perpetuates child poverty. There will be a Macroeconomic impact since many future workers will have grown up in suboptimal conditions.
Wendy