Beau Weston (Gruntled Center) has an interesting post about the economic consequences of marriage and divorce. In short,
Look at any extended family tree, and compare the branches. The one with the most enduring marriages is likely to be the richest.
The phrase comes from my wife, a child of divorce. One of the things that she says first impressed her about me was that I had a savings account. In her family, they just stopped saving when they were going to split up.
Posted by: gruntled | Jun 08, 2006 at 08:45 AM
This seems to me to tie in with the "future orientation" that is so essential to economic growth. With no vision of the future or total distraction by the present, there is no reason to save and build wealth.
Posted by: Michael Kruse | Jun 08, 2006 at 11:05 AM