My generation is currently barraged with student loans, an anemic labor force, an inadequate number of available jobs, the failing Obamacare fiasco, a mounting debt crisis, and other pressing issues. Thus, marriage may indeed be the last thing on our minds. However, if recent research is to be believed, marriage may be one of the best ways to diminish poverty and income equality that the President is so adamant to combat.
According to the Census Bureau, only 7.5% of families consisting of married parents lived in poverty, compared to 33.9% of single parent families. While marriage in itself doesn’t totally eradicate income equality or a poor standard of living, it certainly increases the likelihood that a family will be better off. Single parents, while certainly not eliminated from climbing the economic ladder, are just not as equipped for financial security as those who are married. Steven Crowder validates this point by demonstrating that married couples make more and create a larger net worth that accumulates over time. Another study from Harvard University showed that single parents not only struggle to offer a solid home, but actually serve as a hindrance to upward social mobility for their children.
Sadly, this trend may continue in the coming years as the Center of Disease Control and Prevention found that 40.7% of babies were born to unwed mothers in 2012.
Oftentimes, single parenting is unavoidable due to unforeseen consequences or a tragedy. However, our generation should take these studies seriously.
As the President increases his campaign to end poverty, it would be nice to see President Obama and other political leaders address and embrace solutions to the causes of poverty rather than enflame the fires of income equality to score political points.