3 ms·
Interestingly, high housing costs should incentivize intersexual cooperation but they don't seem to be doing so. From observing revealed preferences, it seems a
by missedthecue 1y ago
Interestingly, high housing costs should incentivize intersexual cooperation but they don't seem to be doing so. From observing revealed preferences, it seems a lot of young people would rather go back and live with mom and dad than get married at 22. This isn't to mention the tax breaks most people benefit from when they get married, which at US median incomes can add up thousands of dollars back in your pocket every year.
But it doesn't seem to be enough. The median age of first time marriage keeps creeping up and up. It's over 30 now in the US and higher in the EU.
- BobbyTables2 1y agoThe doubling of the standard deduction in Trump’s first term means interest isn’t deductible for practical purposes. Same thing with charitable donations! Not sure what real tax breaks there is if both people make similar income. Otherwise if only one works, they’ll definitely see lower taxes thanks to the doubling of the standard deduction (plus exemption for the spouse).
- missedthecue 1y agoOnly 29% of American spouses earn similar amounts.