Differences

This shows you the differences between two versions of the page.

Link to this comparison view

Both sides previous revision Previous revision
effects_of_marriage_on_financial_stability [2017/10/18 18:16]
marri [5. Impact on Children]
effects_of_marriage_on_financial_stability [2017/10/19 15:16]
marri
Line 1: Line 1:
 ==========Effects of Marriage on Financial Stability========== ==========Effects of Marriage on Financial Stability==========
 +
 +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=====