Marriage Is for Rich People
By CATHERINE RAMPELL FEBRUARY 6, 2012 10:00 AM
A new report, by Michael Greenstone and Adam Looney of the Hamilton Project, looked at the decline in marriage rates over the last 50 years and found a strong connection to income. Dwindling marriage rates are concentrated among the poor — the very people whose living standards would be most improved by having a second household income.
Marriage rates have also fallen for women in that age group on most, though not all, rungs of the income ladder. As with men, the declines are biggest among the poorest workers. For the bottom 70 percent of middle-aged working women — the women who, a generation earlier, would have needed a husband to support them — marriage rates declined by more than 15 percentage points in the last 40 years. But marriage rates for the top 10 percent of female earners either held steady or rose.
Rich men are marrying rich women, creating doubly rich households for them and their children. And the poor are staying poor and alone.