The NY Times reports on Marriage Markets, a book written by two professors of family law, June Carbone and Naomi Cahn, have written a crisp and cogent account — rich with detail and utterly free of legalese — of America’s failure to invest in its children.

Their book, “Marriage Markets,” asserts that this failure lies not only in public policy but also in the private lives of Americans. Marriage, the time-honored way of fostering the interests of children, no longer works for many Americans. In an economy ruptured by increasing inequality, millions of men and women are deciding that marriage imposes obligations that they cannot meet. Nearly half of all marriages fail; more than 40 percent of American children are born to single mothers.

This is not a romantic book. Professor Carbone, who teaches at the University of Minnesota, and Professor Cahn, of George Washington University, describe picking a marriage partner as a high-stakes negotiation to find the most promising person, both emotionally and financially, for a lifelong commitment. It is a contract that comes with rights and responsibilities defined and enforced by law.

via ‘Marriage Markets’ Looks at Pressures on Families – NYTimes.com.

Posted by Lewis J. Saret, Co-General Editor, Wealth Strategies Journal.