We are living in a modern age when many young people from millennials and Generation Z are no longer eager for marital relationships. When it comes to traditional marriage, they are making history by saying no in record numbers. The U.S.’s marriage rate has dropped from more than 8 marriages per 1,000 people at the beginning of the 21st century to 6 ones per 1,000 people in 2019. That has been the lowest level recorded since 1867 (Chamie, 2021). This trend has continued and that may be radically changing a centuries-old institution. Why do young adults view marriage as a non-necessity? Some think that they can make their own money and hence don't need marital financial security. However, there are still opposing views that marriage offers more advantages than just stability in finance. Although getting married has both benefits and drawbacks, I personally believe that a righteous marriage is an essential step in everyone's life. To support my viewpoint, the following essay will take a detailed look at both advantages and disadvantages of marriage on three aspects: finance, physical health, and mental health.
First of all, promoting marriage is the way of connecting to many financial bonuses. There were lots of previous researches that supported this. According to Lupton and Smith (2003), people who live together will have more long-term savings than single ones: married people on average have higher levels of wealth and assets than non-married. Married couples can also accumulate more assets than single ones when both husbands and wives can earn for living and support the family. In 1999, the median income for married-couple households was $56,676, single male household income was $37,396, and single-female household income was $23,732, reported in the U.S. Census (2001).Furthermore, getting married will also change men’s incomes. “Marriage is positively associated with men’s earnings,” specifically, “Married white men in America can earn 11% more than their never-married counterparts” (Korenman and Neumark, 1991). This is due to both men's and women’s role specialization in households. A wife can provide supportsto increase her husband's productivity or augment his career (Daniel, 1995). In married households, women specialize in household duties and men specialize in the labor market, enabling married men to be more productive at work than is the case for unmarried men.