Monday, December 07, 2009

Facts About the Mancession

Posted by Michele Olson

What has the “Great Recession” meant for marriages? According to a report by the National Marriage Project out of the University of Virginia, a lot!

Working class men with no college education have been the group that has taken the brunt of job losses. Add that to this statistic; men are 61 percent less likely to be happy in a marriage if they work fewer hours than their wives.

That has coined a new phrase: Mancession. This trend has been causing a rift between couples where one spouse has a college degree and the other, less education. It’s all in the 2009 “State of Our Unions” report issued today.

The report shows: Divorce fell during the first full year of the Great Recession, the first annual dip since 2005. While that may sound grand, the trend may be following what happened in the Great Depression of the 1930’s. That trend suggests that couples are delaying divorce because they can’t afford to live apart. That just adds to the truth of the Myth #2 in our free Marriage Myth Buster Guide…getting and staying married is by far the best strategy for accumulating assets and wealth.

That’s just one of the findings in this vast report which you can view for yourself. Take a look and come back and tell us what reactions you have to the report. We’d like to hear from you!

Is there a “Mancession” in your home?

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