Showing posts with label Wealth. Show all posts
Showing posts with label Wealth. Show all posts

Friday, August 21, 2020

GSS data: Never-married men are _not_ wealthier than divorced men

In response to my claim that married people are, on average, wealthier than people in other marital statuses, a commenter on Twitter suggested that this kind of finding ignores the loss of wealth due to divorce, so it is not worth it to get married. The implication is that people who never marry should be wealthier than divorced people. Of course, we would need to adjust for age since wealth tends to grow as one gets older. 

I did this using General Social Survey (GSS) data. Respondents were asked their wealth on a 15 category scale that went from less than $5,000 to more than $15 million. This first model is for men (n = 1,689):



 

Divorced people are the reference category: all other marital statuses are compared with them.  We can see that never-married men do not more have more wealth than divorced men. The sign indicates that the divorced have more wealth, but the relationship is not statistically significant. The only group that is significantly wealthier than divorced men is the married group. 

And for women (n = 1,769)?

Never-married women do not differ significantly from divorced women in wealth. Widowed and separated women are poorer than divorced women. Married women are the only group that are significantly wealthier. 

Bottom line: marriage is a good place to be. 

Monday, August 13, 2018

Liberals are the ULTIMATE scapegoaters

Liberals like to explain Trump like this: He has succeeded by blaming white people's problems on non-whites.

In other words, the President is a big-time scapegoater. Like Hitler blaming Jews for Germany's troubles, Trump supposedly appeals to our basest instincts.

Let's side aside the fact that Trump has consistently criticized NON-AMERICANS, not non-whites. Cheating, lying sons of bitches that liberals are, they always turn everything into an opportunity to call us (subhuman) racists.

But the truth is that Leftists are the supreme scapegoaters of ALL TIME. They set the example going back more than 200 years.

Like the Nazi who sees a Jew behind every social problem, liberals claim that EVERY injustice is the fault of rich people. All paths lead to the FAT CATS. They are evil incarnate.

And if the Left gets the opportunity, they will holocaust anyone who even seems well-off. My wife's Ukrainian great grandfather was sent to Siberia because he owned two horses and had six kids. Naturally he was a filthy rich, evil kulak.

Nazi hatred for Jews has got nothing on Leftist hatred of successful people.

We can go to Nietzsche to get an explanation of their psychology. He calls it ressentiment. Capitalism has kicked socialist ass for two centuries, so the losers transform their sense of inferiority into hatred of their betters. And so they wound their enemy with lies. If they get power, they imprison and murder them.

And because so many of us are tempted by this hatred of the rich, we have let them get away with their malignant scapegoating.

Of course, the Left's latest move has been to replace the wealthy with whites as the demonic source of all suffering. But that's another post.

Tuesday, July 24, 2018

Wednesday, September 01, 2010

Wealth and religiosity















This table from Gallup shows that national-level religiosity drops off with increasing per capita income.  Jesus was aware of this pattern 2,000 years ago: "Blessed are you poor, for yours is the kingdom of God." (Luke 6:20)

Are gun owners mentally ill?

  Some anti-gun people think owning a gun is a sign of some kind of mental abnormality. According to General Social Survey data, gun owners ...