CROUSE: Best recession insurance: Marriage
Americans rediscovering the original and best social safety net
Economists refer to the economic benefit that accrues to married couples as the “marriage premium.” A recent CBS television special asked the question, “Why is marriage such an economic turn-on?” The program “MoneyWatch” gave three reasons based on a report from the Pew Research Center’s report, “Women, Men and the New Economics of Marriage”:
Economies of scale: Married couples share the cost of necessary expenses, such as health insurance, utility bills and mortgage payments. That is especially significant today when more than two-thirds of men have working spouses and 22 percent of wives make more than their husbands.
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