There are some economic benefits for singles:
- More likely than married couples—who have children and own a home—to move easily and change jobs.
- More likely to take risks and engage in entrepreneurship, as fixed costs are lower and singles can cut spending more easily than married couples.
There also are some economic risks for singles:
- Job loss or an injury may more negatively impact singles—income and health insurance being primary concerns—than married couples.
In addition, there are some economic benefits for the nation:
- Singles contribute to a more dynamic labor market.
- Singles build new businesses.
Then, there is big one economic risk for the nation:
- Fewer children are born, leaving fewer taxpayers in the next generation to fund the growing price of entitlements.
That’s the economics of the matter.
Unfortunately, that neglects what may be some more important matters, like the psychological, social, and spiritual aspects associated with marriage and single life. Certainly not every adult is equipped to meet the challenges that marriage and family life presents. Perhaps the rise in the number of singles is a good sign, as that may portend fewer divorces. But, it may also portend a fear of committing oneself to another human being in an institution that is permanent, suggesting that many more singles today than four decades ago would rather “go it alone” than risk “going it together.” Then, too, it could also be a result of the feminist movement, with both women and men deciding to “go it alone” for reasons associatgender politics.
From a psychological, social, and spiritual point of view, what may the benefits and risks to individuals as well as to the nation be for this increase in the number of Americans who are opting to remain single?
Let the discussion begin…
To read the Bloomberg Businessweek article, click on the following link:
"Most Americans Are Single, and They're Changing the Economy.”