Salient to Investors:
BLS said 50.2% of those 16 years or older in the US were single in August, versus 37.4% in 1976.
Edward Yardeni at Yardeni Research said:
- The rise in singles exaggerates income inequality in the US and has implications for our economy, society and politics.
- Singles, particularly younger ones, are more likely to rent than to own their homes, while never-married young singles are less likely to have children and previously married older ones are unlikely to have young kids.
- Singles have less household earnings than married people, but have fewer expenses.
- 30.4% of adult Americans have never married versus 22.1% in 1976. 19.8% are divorced, separated or widowed versus 15.3% in 1976.
Read the full article at http://www.bloomberg.com/news/2014-09-09/single-americans-now-comprise-more-than-half-the-u-s-population.html
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