Core Reason for Growing Rich-Poor Gap

Michael Medved

7/23/2012 4:41:14 PM - Michael Medved
The growing gap between prosperous and struggling Americans stems more from changes in marital patterns than any policies of Wall Street or Washington. A New York Times report shows that thirty years ago, vast majorities of households at all income levels featured married couples. Today, 88 percent of families in the top third are still headed by married partners, but only 41 percent of households in the bottom third of income. It’s not just that successful people find marital prospects more easily, but also that staying unmarried, particularly with out-of-wedlock kids, makes it harder to escape poverty and produces harsher outcomes for those children. An Urban Institute report suggests that some 40% of increased distance between rich and poor comes from child-bearing by never-married women–now afflicting the majority of poor women, of all races.