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Prideful Individualism and Poverty

Written By Tao on lundi 2 décembre 2013 | 06:54

A long, long time ago, multi-generational families were the norm. In going through the Census records of countless non-relatives (don't ask), nearly every middle-aged couple had a widowed parent living with them in the 1800s.


Then came the Baby Boom generation and now we have a service called A Place for Mom. But the Baby Boom generation is getting older. Will we see a return of the multi-generational family?


Over their dead collective body we will. While some argue that nobody puts Baby in a corner, Americans of a certain age will argue to their dying breath that nobody puts Baby Boomers in a spare bedroom. The generation that, 50 years ago, embraced drugs and sex as totems of their maturity have since invented Viagra and three-wheeled motorcycles as totems of their eternal youth. (And let's not forget the magic ponytail.)


Timothy Taylor blogged about changing household characteristics. Arnold Kling noted the rise of "households married to the state." Tyler Cowen commented "we are consuming more of potential gdp [sic] in the form of not being around those we do not wish to be around."


How much of potential GDP is funding Baby Boomers' pride? I can compromise and get along with my wife, or I can maintain two households. What would be the poverty rate without no-fault divorce? And should we expect to become even poorer the more we see mainstream media arguments in opposition to monogamy?






via oneofthebest

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