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Economists: Men now need more than just money to be 'marriageable'

Economists: Men now need more than just money to be 'marriageable'

Economists have long argued that marriage rates are lower in poorer and less well-educated areas because men in those communities aren't good financial bets. Without steady incomes, they can't reliably contribute to a household, so while women might have children with them, they won't commit to men for life. That's been the assumption, anyway.Fracking booms gave two researchers in the Economics Department at the University of Maryland, College Park, a perfect chance to test the hypothesis. What happens when money pours into a place, enriching the men, specifically, and giving them good...

June 14, 2017
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Only 0.1% of US minimum wage workers can afford a 1-bedroom apartment, report finds

Only 0.1% of US minimum wage workers can afford a 1-bedroom apartment, report finds

The percentage of American full-time minimum-wage workers who can afford to rent a one-bedroom apartment in any U.S. state without being what the government calls "burdened" is so vanishingly small — less than one percent — that it rounds down to zero.That's the conclusion of the , a lobbying group that pushes for more low-income housing and also reports that Researchers define "afford" by people's ability to pay 30 percent of their income or less on the cost of housing, which may include their mortgage, insurance and taxes. Those who are severely cost-burdened must use 50 percent or more...

July 14, 2017
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