Posts tagged with: family economics

50s-family-300x297It’s easy to say that a “family can be anything you choose.” You can have Molly has two mommies, or Jaxon who splits his time between Dad’s house and Mom’s or some version of “his, mine, ours.” In reality, the traditional family is a necessary economic and sociological element of a strong society. It’s like the game Jenga: you can slide and maneuver things all you want, but eventually, it all comes crashing down.

Jonathan V. Last, writing at The Weekly Standard, discusses this “family fragmentation.” He reviews Mitch Pearlstein’s book, Broken Bonds: What Family Fragmentation Means for America’s Futureand why the family must be saved. The family – that unit of biological mom, biological dad and children – remains the “gold standard” when it comes to not only how well children do in life, but in so many important aspects of society. (more…)

Family, church, and school are the three basic people-forming institutions, notes Patrick Fagan, and they produce the best results—including economic and political ones—when they cooperate.

Even if all the market reforms of the Washington think tanks, the Wall Street Journal, and Forbes Magazine were enacted, we’d still need to kiss the Great American Economy goodbye. Below the level of economic policy lies a society that is producing fewer people capable of hard work, especially married men with children. As the retreat from marriage continues apace, there are fewer and fewer of these men, resulting in a slowly, permanently decelerating economy.

When men get married, their sense of responsibility and drive to provide gives them the incentive to work much harder. This translates into an average 27-percent increase in their productivity and income. With the retreat from marriage, instead of this “marriage premium,” we get more single men (who work the least), more cohabiting men (who work less than married men), and more divorced men (who fall between the singles and cohabiters).

All this is visible in the changing work patterns of our country, resulting in real macro-economic consequences. Fifty years ago family life and the economy were quite different.

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