Thirty-two percent of the growth in family income inequality since 1979 can be linked to the decline in the marriage rate.
That’s according to a new study from the American Enterprise Institute and the Institute for Family Studies, authored by W. Bradford Wilcox and Robert Lerman. Marriage’s economic benefits are numerous, according to the study. Being raised by married parents is connected to better economic wellbeing for young adults. So is being married as an adult.
“These two trends reinforce each other,” Wilcox and Lerman explain. “Growing up with both parents increases your odds of becoming highly educated, which in turn leads to higher odds of being married as an adult. Both the added education and marriage result in higher income levels.”
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