Fascinating information released today by Pew Research Center: While women used to get married for financial stability, not anymore. Now the men are doing it!
Men are increasingly getting the biggest economic boost from tying the knot. The changes come after a period in which American women outpaced men in both education and earnings growth. What that means for marriages is that a greater share of women are married to men with less education and income. "In the past, when relatively few wives worked, marriage enhanced the economic status of women more than men. In recent decades, however, the economic gains associated with marriage have been greater for men," said the report's authors Richard Fray and D'Vera Cohn.
The Pew report focuses on people ages 30-44 -- a stage when typical adults have finished their education, married and launched careers. The Pew report also noted that today's Americans in this age group are the first such cohort in U.S. history to include more woman than men with college degrees.
Here are some more interesting numbers: In 1970, only 4 percent of husbands had wives that earned more than they did. In 2007, 22 percent of men had wives that earned more. I bet that number is even higher in 2009.
So what does this mean for marriage? To me, it looks like men have less reason to stay single. What does it say to you? Would you have guessed that this trend was taking place?