Last fall, the Gallup Daily tracking survey found that Americans who are married spend more than their unmarried counterparts.
The "take away"?
Marriage benefits the nation's economy.
Excluding payments for normal household bills and major purchases such as homes or cars, Galllup found that married Americans report a daily spending average of $102, followed by $98 among those who are living in domestic partnerships, $74 by divorced Americans, $67 by those who are single and never married, and $62 by those who are widowed.
Those who are married spend more than those of other marital statuses, in part because they have higher-than-average incomes. Single Americans spend less, in part because they have lower-than-average incomes.
While Gallup analysis indicates that the nation's marriage rate "will go up in the future, based on a pent-up demand for marriage," if those marriages are to benefit the nation's economy, then they must come from the ranks of those young adults who are single and have never married. (Understand now how the Obamacare formula is expected to work?)
Domestic partnerships may also benefit the nation's economy, but to a lesser degree. That is, if the nation's young adults in the future don't jump from single status into marriage but move into domestic partnerships, the positive impact on the nation's economy will be less.
The problem is that the nation's young adults aren't so interested in getting hitched.
So, to experience greater happiness and for all of us to enjoy greater economic prosperity in 2014, forget domestic partnerships and, instead, "tie the knot"!
Let the discussion begin...
To read the Gallup daily tracking survey, click on the following link:
To read the Gallup analysis, click on the following link: