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According to a report by economist Edward Yardeni, a majority of Americans are now single, says Bloomberg Businessweek. And economists predict the rising single population will effect the economy, with singles less likely to spend money on children and homes.
Just 37 percent of Americans 16 and older were single in 1976, but more than half are unmarried today, according to the Bureau of Labor Statistics. What constitutes single? The report counted anyone who’s not married—but the economic effects will likely be triggered specifically by singles who live alone rather than by unmarried domestic partners.
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