Worse, the economic obstacles are by no means the only ones. Our culture throws up a formidable array of obstacles to a couple finding & committing to each other to marry.
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One of the things we've lost, even compared to when I was a twentysomething, is the common expectation of *where* and *when* we're supposed to meet our spouses. Once you're out in the full-time working world, you spend most of your time with co-workers, who are dangerous to date.
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That's a lot of words to say: women don't want to marry poor guys and have found it easier to sleep around in the interim.
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Get married at 30-32 have 1-3 kids. Live a happy life. It can be done.
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Given that people in the recent past married earlier and had more kids in the face of less economic security -- and given the decreased childbearing is nearly-universal in advanced, developed countries -- I'm apt to credit cultural factors far, far more than economic.
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If it's universal in developed countries--which have different cultures from each other--and people with less economic security got married earlier & had more kids, that points towards development and economic security as the causes of later marriage/fewer kids, not the opposite.
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