River stage: 8.42 ft. Falling
Sunday, Dec. 8, 2013
Economics of CohabitingPosted Friday, September 24, 2010, at 4:52 PM
Data collected by the U.S. Bureau of the Census can be used to research a variety of trends in the United States. The Housing and Household Economic Statistics Division of the Census Bureau recently released a report on the trend in opposite-sex cohabiting couples.
As you might expect, there was a large increase (13 percent) in the number of cohabiting couples between 2009 and 2010. In 2009, there was an estimated 6.7 million unmarried couples living together. That number increased to 7.5 million in 2010.
What would cause such a large increase in cohabitation -- economies of scale. In 2008, 59 percent of couples had both individuals employed and that number decreases to 49 percent in 2010. Eight percent of couples had one partner unemployed in 2008 and that number increased to 15% in 2010.
What is really interesting is the comparison of newly formed couples in 2010 compared to couples that were already together prior to 2010. Only 39 percent of newly formed couples had both partners employed whereas 50 percent of those already together before 2010 had both employed. This would imply that economics is a major contributing factor to the increase in cohabitation. This is based upon the reasonable assumption that cohabitation consolidates some living expenses (e.g., rent, utilities, etc.).
The report contains additional interesting statistics and can be viewed at:
Taxes, Liens and Levies, Oh My!!
- Blog RSS feed
- Comments RSS feed
- Send email to Alan Kridelbaugh, CPA, CFE
Alan is a CPA and a Certified Fraud Examiner (CFE) with the firm Begley, Young, Unterreiner & White, LLC located in Cape Girardeau. He is a member of the American Institute of Certified Public Accountants, the Missouri Society of Certified Public Accountants and the Association of Certified Fraud Examiners. Alan obtained his MBA from Southeast Missouri State University, and is also a Certified QuickBooks ProAdvisor who provides support to clients on the use of QuickBooks. Alan's firm works with a variety of small businesses and not-for-profit organizations providing accounting and payroll services, compilations, reviews and audits, estate and tax planning and tax preparation. Alan can be reached at 334-2845 (office) and 275-9055 (cell) or you can email him at firstname.lastname@example.org.