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Economics - Admission/Application Essay Example

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By using the word worsening on the title of his article, Steve Mathews accepts that the rate at which married couples file for divorces is way above…
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Economics

Download file to see previous pages... itional house shall be needed makes either one of the couples move out and settle in a new locality or both of the couples to sell the house and opt for a fresh start. Steve Mathews asserts that the creation of new households always boosts the demand for both housing appliances and furniture, thus springing the economy. In his article, Steve Mathews asserts that though divorce comes with so much heartache for the parties that were involved; the economy tends to rise whenever the divorce rate is high. He goes ahead to a site that though the short-term effect of the unemployed partners is that their personal spending expenditure will decline, the long-term effect is that the rate at which they spend shall be on the rise, as they will feel the urge to go out into the labor market and seek for employment. The author may have a point to prove because a whopping 5.3 million new households within the last four years might have had some positive impact on not only the housing sector but the economy might have also benefited from the unfortunate incidence that is divorce.
In writing his article, Steve Mathews put together different sources to bring out his point and ensure that his message is well understood within the population. In mentioning the number of divorces that have taken place in the last four years, Mathew cites the US Bureau of Census Data as his source. He says that though 2009 saw the lowest rate of divorce in recent years, the fact that 2.4 million divorce cases have been registered within the last four years shows that the rate of divorcing is way above expectation. In like manner, the fact that 5.3 million new households have been created within the same period does signify some relationship between divorce and formation of new households.
Steve Mathew reports that 2013 registered the highest number of housing starts with statistics indicating that the rate of constructing new homes and rental houses increased to 33%. It reflects 923000 new housing ...Download file to see next pagesRead More
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