Much is being made of the latest report from the Census Bureau on divorce in America. Using data from the American Community Survey, Census records show that the rate of divorce is increasing for the third straight year in 2012. The overall implication is that as the economy gets better, couples are more apt to call it quits. So this becomes a counter-economic indicator, which is greeted with a certain degree of glee, and less sadness at the diminishing importance of staying married.
US Census Bureau
But going a step further, it's known that married households are the richest households, so we may want to hold off on throwing rice and toasting the unhappy couple finding that fork in the road. Still, the theme in America in 2014 is the freedom to quit. Young adults are told quitting the job market and chilling in their parents' basement is a good thing. Up to 2.5 million Americans will be seduced to quit work, or to work part-time because of the healthcare law, and joining the millions that have already bailed out on the jobs market.
All of these developments along with the spike in food stamps, and other welfare programs are being touted as great signs of a caring nation. But it's really a reflection of an entitled nation, flaying away in the murky quicksand of lower expectations of ourselves and our country. There was a time when stronger economies provided the backdrop for stronger marriages. In 1958, women got divorced at the rate of 8.5 per 1,000 married couples, only to see that number surge during the hippie-era of free love in the 1960s.
Then California changed its law to "no fault" divorce in 1970, which opened the door for quick and easy divorces. Consequently, the ratio for women spiked from 15.0% to 23.0% by 1979. The election and old-fashioned values, brought back to the national stage during the Reagan years, saw the number decline; but things have changed, values have changed, and it's optimum happiness with less effort or heartache. So, we celebrate a surge in divorces, as great anecdotal evidence that America is a great place to live.
The (real) Good Quit
The other "quits" we should be embracing are of those people telling their bosses to "take this job and shove it!" That number continues to edge higher as job openings have rebounded back to pre-recession levels.
Today, at 11:20 AM PT: Get the Market Movements in Advance; Williams Edge Webinar for September 1st, 2014 | John Ransom
In Other News: Mary Landrieu Connects with Millennials; Lists Parent’s Basement as Louisiana Address | Michael Schaus
Today, at 11:20 AM PT: Get the Market Movements in Advance: William's Edge Webinar for August 28th, 2014 | John Ransom
Today, at 11:20 AM PT: Get the Market Movements in Advance; Williams Edge Webinar for August 27th, 2014 | John Ransom