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effects_of_marriage_on_financial_stability [2017/10/18 11:16]
marri [5. Impact on Children]
effects_of_marriage_on_financial_stability [2017/10/19 08:16] (current)
marri
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 ==========Effects of Marriage on Financial Stability========== ==========Effects of Marriage on Financial Stability==========
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 +Marriage is an important milestone in securing long-term financial stability. On average, entering marriage improves a man’s wages by 27 percent.((Antonovics,​ Kate, and Robert Town, "Are All the Good Men Married? Uncovering the Sources of the Marital Wage Premium,"​ //The American Economic Review// 94, no. 2 (2004): 317-321.)) According to Dr. Brad Wilcox of the University of Virginia and Dr. Wendy Wang, 97 percent of young adults who follow the “success sequence”—obtain at least a high school degree, get a job, marry, and have children, in that order—avoid poverty.((Wang,​ Wendy and W. Bradford Wilcox, "The Millennial Success Sequence: Marriage, Kids, and the '​Success Sequence'​ among Young Adults",​ American Enterprise Institute and Institute of Family Studies (June 2017), available at [[http://​www.aei.org/​wp-content/​uploads/​2017/​06/​IFS-MillennialSuccessSequence-Final.pdf]].)) The success sequence holds true for racial/ ethnic minorities, and for those from low-income families.((Wang,​ Wendy and W. Bradford Wilcox, "The Millennial Success Sequence: Marriage, Kids, and the '​Success Sequence'​ among Young Adults",​ American Enterprise Institute and Institute of Family Studies (June 2017), available at [[http://​www.aei.org/​wp-content/​uploads/​2017/​06/​IFS-MillennialSuccessSequence-Final.pdf]].)) Promoting marriage is an efficacious means of improving the financial security of American families. ​
  
 =====1. Income===== =====1. Income=====