SchiffRadio Podcast Episode 19
The Peter Schiff Show Podcast
Peter Schiff
4.6 • 5.9K Ratings
🗓️ 13 November 2014
⏱️ 15 minutes
🧾️ Download transcript
Summary
* There are more single Americans than ever
* Job quality and debt are disincentive to marriage
* Government policy promotes generations of single mothers
* Two out of every five mothers are single
* If the economy is getting better, why is this happening?
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Transcript
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| 0:00.0 | The Peter Schiff Show. |
| 0:10.0 | So I'm reading this article in Bloomberg. |
| 0:13.0 | The title of it is, What the Economy has Done to the Family. |
| 0:17.0 | And the article starts out by pointing out some statistics. |
| 0:20.1 | First of all, for divorce, for people over 50, right? |
| 0:26.2 | The divorce rate has doubled, doubled since 1990. |
| 0:30.6 | That's a big increase in that period of time. |
| 0:34.8 | They also point out that now one in five adults has never been married up from one in ten |
| 0:42.3 | thirty years ago. |
| 0:43.3 | So again, you doubled the number of adult men that presented you have never married. |
| 0:50.6 | In all it says, the majority of American adults are now single, the current of the government, |
| 0:55.8 | including mothers of two out of five newborn children. |
| 1:01.2 | So two-fifths of all the children born in America are born to mothers who are not married. |
| 1:09.1 | These are shocking statistics. |
| 1:11.1 | And unfortunately, it's only going to get worse. |
| 1:12.9 | I'll put a sidetrack a little bit, but talking about singles, they just yesterday was |
| 1:18.8 | a singles day in Japan. |
| 1:21.0 | It was a record shopping day in Alibaba and all these other online retailers. |
| 1:27.9 | They celebrate the fact that you're single, that you're not married. |
| 1:32.3 | Now maybe people are relieved over there not to be married or maybe the whole idea behind |
| 1:36.6 | the holiday was, hey, we're single, let's get together and maybe we can meet somebody |
| 1:41.8 | and not be single. |
... |
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