Saturday, August 17, 2013

THE FAMILY & ECONOMIC GROWTH

MereOrthodoxy discusses the importance of the family to economic growth.  Unfortunately the media does not discuss this issue because it is politically incorrect in an age of when marriage commitments are not applauded and children are seen as interfering with one's life style hopes.

As Jason DeParle wrote last year in The New York Times that “changes in marriage patterns — as opposed to changes in individual earnings — may account for as much as 40% of the growth in certain measures of inequality.” David Leonhardt, also of the Times, noted a recent finding that “family structure was one of the four factors with a clear relationship to upward mobility.” As Schulz himself found, only 5% of married families were poor at any point this year, while 30% of single-parent households felt the blow of poverty. These data points paint a bleak portrait; those being raised without a mother and a father will face immense social and economic barriers.

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