Recession Results In Fewer Weddings In 2010
September 29th, 2010 - 7:15 pm ICT by GDBy Ranjan Bhaduri
Sep 29, (THAINDIAN NEWS) The recession that took a toll on the US economy not only affected the job market, it also crippled the institution of marriage as recent reports suggest. The recession has forced a number of people in USA to postpone their wedding plans. While the recession was over by June 2009 according to the official claim, the effects are being felt even at the end of this year. People are trying to save money in various ways post recession and postponing the wedding plans is another way to cut on expenditure for some of them. The reluctance to get married can also be attributed to job loss and unemployment looming large in several states of the USA.
A study was conducted covering the adults aged between 25 to 34 years. A whopping 46.3 percent replied that they were single. This percentage exceeded the share of married adults for the first time. The home foreclosure related problems also forced many people from tying the knot as the analysts are guessing. A number of people are still struggling to save their homes from being foreclosed and in such a situation getting married is the last thing that comes to one’s mind. The psychologists are of the opinion that since marriage comes with lots of monetary implications recession hit people are taking time before tying the knots.
However, there is no reason to think that the average Americans are not interested in getting into relationships since they are not willing to get married soon. On the contrary, the number of people getting into cohabitation relationships is on the rise. This is applicable for both same sex and opposite sex partners.
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- Childbirths outside wedlock in Britain at its highest in 200 years - Apr 19, 2011
- Effects Of Recession Responsible For Fewer Weddings In 2010 - Sep 29, 2010
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Tags: adults, contrary, economy, home foreclosure, institution of marriage, job, knots, marriage, money, psychologists, ranjan, recession, relationships, reluctance, sex partners, states of the usa, taking time, tying the knot, unemployment, weddings