In the past few decades, women have been closing in on men’s earning level. According to the U.S. Bureau of Labor Statistics, “Women’s earnings have risen to 77 percent of men’s.” In addition, nearly one-third of working married women earn more than their spouses, another rising proportion. According to Jane Sjogren, Associate Professor of Economics at Simmons College in Boston, “The closing gap between women’s and men’s earnings, even as women’s labor force participation rates have leveled off and men’s have dropped, means women will have personal options, such as whom to marry or when to unmarry, that men have long had.”
With the stock market tumbling, a troubled real estate market, a tight credit market, and more people finding themselves unemployed, both men and women will have fewer options. Will men and women be more apt to see the advantages in getting, or in remaining married? According to Finesse Mitchell, whose name sound more like a haircare product than the author of,“Your Girlfriends Only Know So Much: A Brother’s Take on Dating & Mating for Sistas” and a relationships columnist for Essence magazine, “The more ‘stuff’ you have, the pickier you get without even realizing it. When you are broke, you will date anyone with a car!” The ecomomic crisis won’t cause everyone to go broke, or lose their car, but our lifestyle will suffer a big hit these next years. Perhaps men and women will be more likely to consider marriage for financial support.
The economic crisis has already given birth to a new type of wedding – “The Recession Wedding”. It’s not just the middle-class which is feeling their wedding budgets shrink, a wealthy Tycoon has told his daughter that there “will be no display of conspicuous consumption” at her wedding to a famous sport’s figure.
– Miss A