Marriage, the surest economic stimulus
By Stephen Moore
This may be a surprising statement from a bleary-eyed, number-crunching economist, but the best anti-poverty program in America may not be tax cuts, debt reduction or regulatory relief, but rather that old-fashioned institution called marriage. It turns out that poverty rates are very low among intact families and prevalent among homes without a father. Children who grow up in single-parent households are much more likely to face economic trouble as adults.
Those who cheer divorce as a form of women’s liberation, or who say that stigmatizing out-of-wedlock births is just right-wing sermonizing, just don’t get this intertwined connection between two-parent households and economic success. Sociocultural factors like the decline of marriage are leading causes of the wealth gap and the stubborn poverty trap in many low-income neighborhoods. This isn’t to say that children who grow up in broken homes can’t succeed — millions heroically do. It doesn’t mean that every marriage was meant to be; many times, divorce is the only option.
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