Mises Institute

Modern Marriage and the Homeownership Rate

Dec 12, 2025
Jeffrey Degner, an economics professor and author of "Inflation and the Family," dives into the intriguing connection between marriage rates and homeownership. He discusses how inflation and economic pressures shape modern family life, particularly for Gen Z, who are delaying marriage due to financial burdens. Degner highlights historical marriage ages and their impact on homeownership, while cautioning that homes should not merely be seen as investments. He also compares U.S. homeownership with trends in Europe, revealing deeper cultural dynamics at play.
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INSIGHT

Marriage Shift Alters Economic Timelines

  • Marriage rates shifted toward older, college-educated couples, pushing median first-marriage ages to ~30 for men and ~28 for women.
  • That delay changes economic timing for household formation and downstream choices like home buying.
INSIGHT

Inflation Culture Reshaped Family Choices

  • Inflation culture and rising dual-income pressures helped normalize contraception and devalue childbearing time.
  • Lost purchasing power pushed more households into labor markets, changing family planning norms.
INSIGHT

Marriage Is The Pathway To Buying Homes

  • Marriage commonly precedes homeownership because combining households raises saving capacity and lowers time preference.
  • Historical gaps widened from ~6 years to ~10 years between first marriage and first home purchase.
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