How the divorce rate has changed over the last 150 years

signing 1916

The INSIDER data team examined divorce rates over the past 150 years and found some interesting trends.
Divorce rates steadily increased from the mid-1800s to the 1950s.
The biggest increase in divorces was between the ’60s and ’70s.
Since the turn of the 21st century, divorce has been on the decline.

It’s commonly believed that half of all marriages today end in divorce. It certainly feels that way, as headlines are filled with famous couples parting ways. But it hasn’t always been this way. In fact, divorce was once taboo.

To see how divorce changed over time, the INSIDER data team compiled information within the US from the CDC and data scientist Randy Olson. Since we know the number of divorces every year, but the population changes, we calculated the rate of divorce for every 1,000 people. It became clear that half of all marriages don’t end in divorce today. In fact, divorce is on the decline these days.

Keep reading to see more surprising trends the divorce rate has had throughout the years.

From 1867 to 1879, the annual divorce rate was 0.3 divorces per 1,000 Americans.

In the 19th and early 20th centuries, people often married to gain property rights or to move social class. All of that changed by the mid- to late 1800s, with the ideas of love and romance becoming the main reason to wed.

But that doesn’t mean everyone stayed married. In 1867, there were 10,000 divorces, and by 1879, there were 17,000 that year. However, the rate of divorce stayed at a very low 0.3 divorces per 1,000 Americans.

The rest of the century, the annual rate steadily increased to 0.7 divorces for every 1,000 people.

In the 19th century, divorce was rare, and generally …read more

Source:: Business Insider


Goldman Sachs just revealed it made a nice profit off Uber ahead of an IPO it hopes to help run


Goldman Sachs on Wednesday disclosed its sale last year of a stake in Uber.
It was part of CFO Stephen Scherr’s extended explanation of the Wall Street firm’s investing and lending segment.
Goldman’s fourth quarter results got a boost from the segment, which makes equity and debt investments in hundreds of companies and has historically been considered a “black box.”
Uber is considering an initial public offering this year, and may choose Goldman Sachs to help with the deal. It’s already selected Goldman’s chief rival, Morgan Stanley, to lead the IPO, according to reports.

Goldman Sachs may be angling for a key role in Uber Technologies’ eventual IPO, but that doesn’t mean it can’t make a little money from the ride hailing app while it waits.

The Wall Street firm last year sold off part of its stake in Uber to a group of investors led by SoftBank, its chief financial officer disclosed on Wednesday. He didn’t say how much Goldman had sold, or what stake remained, but it accounted for some of the $4.5 billion revenue generated from selling or valuing various equity investments that Goldman has made for its own account. Goldman CFO Stephen Scherr said some of that money came from sales, but also additional rounds of investment that pushed mark-to-market values higher.

“There are other situations in which there are incremental rounds of equity that comes into a particular name,” Scherr said. One of two stakes that were “significant contributors” to 2018 results is “a name you no doubt know, which was Uber,” Scherr told analysts.

Read more: SoftBank spent $900 million on investment-banking fees in 2018. The only entity it lagged? The People’s Republic of China.

SoftBank closed its investment in Uber in the first quarter of 2018, purchasing stakes from existing investors in a deal that …read more

Source:: Business Insider


History shows the stock market may be setting up to rip higher once the government shutdown ends

U.S. President Donald Trump speaks to reporters between U.S. Senate Majority Leader Mitch McConnell (R-KY) (R) and Sen. John Barrasso (R-WY) (L) after Trump addressed a closed Senate Republican policy lunch while a partial government shutdown enters its 19th day on Capitol Hill in Washington, U.S., January 9, 2019.

The partial government shutdown is the longest on record, and economists say it’s eating into economic growth right now.
Still, the long-term economic impact is likely to be muted, and one new analysis suggests stocks could rally if a resolution is reached.
The S&P 500 has climbed during 12 of the past 21 shutdowns. On average, it rose 13% in the year after the government was reopened, according to LPL Financial.

It’s becoming increasingly evident that the partial government shutdown is taking a toll on consumer and business confidence, and by extension, the US economy.

But at the shutdown’s current length, the long-term impact on growth is likely to be muted, economists say, and a new analysis suggests the stock market could rally double-digits if a resolution is reached.

LPL Financial found the S&P 500 had climbed during 12 of the past 21 shutdowns since 1976 — including the current partial shutdown, which is the longest on record — and rose 13% on average in the year following the reopening of the government. On only two occassions, 1976 (-6.6%) and 1983 (-0.4%), did the S&P 500 lose in the 12 months after the shutdown ended.

“Typically, economic activity lost during shutdowns was largely recouped over the following quarters, especially if government workers received back pay,” wrote LPL Financial’s John Lynch and Barry Gilbert. “U.S. stocks also historically fared well after government shutdowns, showing that any economic impact from a shutdown wasn’t enough to derail market rallies.”

Still, experts taking the pulse of the US economy are concerned given this shutdown’s unprecedented nature. Bank of America Merrill Lynch last week trimmed its fourth-quarter GDP forecast from 2.9% to 2.8%, and said first-quarter GDP “remains vulnerable to a forecast reduction” as the shutdown continues.

Read more: The government shutdown could …read more

Source:: Business Insider


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