Families, marriage, wealth, society
Families come in all sizes and shapes. One of every six family households are intergenerational. In 2016 35% of our children lived in a single family households. 43% of children in low income families are considered at risk, by federal standards, due to parents low wages, unstable employment, and often poor health care.
Marriage – there is a decline of marriages and marriage popularity. In 1960, 2/3 (68%) of Americans in their 20s were married; in 2008, only 26%; there is more cohabiting.
According to the Pew Research Center, in 2017, 29% of men (18-30) said successful marriage was one of the most important things in their lives versus 35% in 1997. Conversely, women’s opinions on the importance of marriage moved from 28% to 37%.
Research shows multi-generational, stable family life is the most important single factor in determining future success. Stable family life with steady finances allows its members to aspire and move survival.
Wealth- where would you be without your family and the support it afforded you- role models, values, financial support, security, acceptance, etc. Meanwhile, the gap between the wealthy and the needy is growing, and the middle class is shrinking.
Society- if one accepts the notion that incentive beyond survival is the product of stable family life – that stable family life trumps incentive – why not focus more on policies to strengthen families?
Would society benefit from less talk about minimum wage and more talk about maximum income? The rational implicit in financing public education is “such is for the bigger good.” Think about how much society would benefit if those who go to bat with strikes on them had even change to succeed. Is it time for more of the excess to be re-directed to those in need?
Happy Father’s Day,