Happiness has a price tag

It usually comes down to economics in the end:

Homeowners may despair as turmoil in the property market slashes value off their houses, but new research shows they could have the weak economic climate to thank for helping them hang on to their spouse. Data from the Office of National Statistics suggests that an unforseen consequence of falling house prices is a lower rate of divorce among married homeowners over the past 10 years…. Divorce accounts for around 6pc of all house sales in the prime property market, rising to 13pc among houses valued at more than £1m and 18pc among houses valued at more than £2m.

This doesn’t surprise me. There don’t seem to be too many women walking away from functional marriages simply because they’re “not happy” when there is little prospect for easy post-marital financial security. As societal wealth is annihilated – or more precisely, as the veil is stripped from the illusion of societal wealth – we can expect to see a return towards more conservative social mechanisms since there were economically rational reasons they came to be developed in the first place.

So, add increased marriage rates and lower divorce rates to the probable consequences of the fiat bubbles bursting. While there are certainly numerous systemic obstacles inhibiting marriage, such as the family courts, market forces always overwhelm law and social policy in the end.