Poorer men more likely to be single
August 11, 2017 5 comments
Men who come from poor backgrounds are far more likely to be single than their more affluent peers.
In 2012, more than one in three men who grew up poor lived alone when they reached their early 40s. By contrast, only one in seven men who came from a rich background did not have a spouse or partner by the same age.
These figures were featured in a newly published report from the Institute for Fiscal Studies (IFS). They claimed that men who started off life poor earn as much as 73 per cent less over the course of their lifetime than those from wealthy families. They are also less likely to find a high-earning partner.
This gap is widening, according to IFS. Employed, 42 year-old men whose parents were in the richest fifth of households earned as much as 88 per cent more than a man of the same age from a poor background in 2012. Only twelve years earlier, this difference was just 47 per cent.
Author Chris Belfield is a research economist at IFS. He said that aside from the obvious financial benefits, “those from richer families are more likely to be in work, more likely to have a partner and more likely to have a higher-earning partner than those from less well-off backgrounds”.
Alison Park, director of research firm CLOSER, said this report demonstrates “how existing differences in the earnings of men from richer and poorer backgrounds are exacerbated by a new divide”. As female earnings are an important factor in a household’s overall wealth, the fact that poorer men either have no partner or one who isn’t wealthy separates them further from those who had a better financial start in life.
Photo by robertsharp via Flickr under a Creative Commons licence.
August 11, 2017
Categories: Family Life