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Marriage An Economic Perspective

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Marriage: An Economic Perspective

February 15th, 2006
by Elif Ozdemir

Is there a correlation between marriage and business trade?
When all's been said and done after February 14, what is most in the minds of people smitten by love is "What could be the next best thing?" For any man, after months and months of extravagant spending and nagging from his significant other, the ultimate end of dating has to be realized, if not immediately in the near future. It's high time to talk marriage, since entering a relationship is like doing business. Every one has to make risks. Every one has to make an investment. It should be considered that economists run after investments that are tangible. Economists can never measure emotional investment.

So why do people marry? It's been a phenomenon in western societies for couples to live in together without the benefit of saying "I do." What's the underlying economic reason behind marriage?

A research by professors from Ohio State University queried some 9,000 people from the baby boom generation (those who are fifty years of age up) about the economic aspects and advantages of marrying. The study found out that marriage gives an overall positive effect on an individual's social and income status compared to someone who's living a single life. For example, a married individual experiences an increase in personal wealth. This data can also be interpreted in another way. Why? Because when one marries, one's income and property also becomes the income and property of his or her partner. That is one advantage of facing the altar. Marriage law binds a man and woman as husband and wife like no other. Think. What could be the details that Hollywood stars scuttle over during the dissolution of their marriage?

When they do get hitched, couples have more to look forward to economically speaking. The rate for residential property rises every year as more and more people move from the rural areas to urban centers. It is expected that the cost for basic necessities like food and clothing will also increase. And when the marriage produces an offspring or more, the expenditures will climb threefold. Serious cases of dalliances with other people were not included in the study.

The other thing that the research tells is that the economic benefits of marriage are higher for a person marrying a "winner," meaning the partner is not necessarily rich but very able. That is a contrast for someone who marries someone who didn't finish high school or has some form of disability.
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BONUS : Marriage and Family Counseling

If you are having some difficulties in your marriage, or perhaps your family is in crisis, marriage and family counseling can be very beneficial. While it may initially seem a bit uncomfortable to discuss your problems with a total stranger, if you find a therapist which is a good fit and is good at what he or she does, you will very likely be glad you decided to make the investment.

Keep in mind, though, that for marriage and family counseling to be helpful, you have to be willing to make some changes in your life. It won’t be helpful if you merely use it as a place to vent or if you expect the therapist to do all of the work for you. Nor will it be helpful unless you each take responsibility for your contribution to the problem or issue at hand, because rarely is a problem entirely due to one person.

Following are some of the many ways in which marriage and family counseling can help, if you are ready and willing to do some work.

Improve communication

Poor communication or lack of communication is often at the core of most marital problems, as well as family problems. We all grew up learning ways to communicate, but we didn’t necessarily learn to do it effectively. When things are going well, talking is easy. But the true test of good communication is when there is conflict.

In marriage and family counseling, the therapist can help you find ways to communicate better with each other. This not only includes learning how to better express things such as needs, wants, or concerns, but also how to better listen to each other. Conflict is normal whenever two or more people live in the same household.

Unfortunately a lot of couples and families do not handle conflict well, and even relatively minor problems can quickly escalate. As a result they become seemingly insurmountable issues when communication completely breaks down or becomes hostile. Improving communication is the core of dealing effectively with all other issues.

Learn to choose your battles

Marriage and family counseling can also really help you learn to choose your battles. Life is going to be full of stressful and irritating things. That’s normal. But where many couples and families get into trouble is when they let everything become a huge ordeal. A good therapist can help you determine what the real issues are, while helping your learn to recognize which ones really aren’t a big deal. Learning this will go a long way towards a more peaceful home environment.

Create new patterns of interaction

As humans, we are creatures of habit. As a result we get into patterns of interacting with our spouse and family members which can be unhealthy. At times, they can even be destructive and hurtful. Sometimes we don’t even realize the damage we are doing until someone objective, such as a therapist, points it out.

Marriage and family counseling is geared towards creating new and healthier ways of interacting with each other. As the saying goes, if you keep doing the same thing you will keep getting the same result. But a skilled therapist can show you better ways to get the desired result in your relationship.

Hopefully you can see how marriage and family counseling might be very beneficial. Every couple and family has occasional struggles. Going to a therapist doesn’t mean you are weak or a failure. Rather, it shows that you recognize the need for change and that you desire some assistance in making that happen.





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