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Tag: United States Census Bureau

  • Getting divorced? Chances are you’ll marry again, Pew says

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    Divorced Americans might not have to worry about being alone — chances are remarriage is in their future, according to an analysis of federal data by the Pew Research Center. 

    While divorce declined and marriage rates stayed steady in recent years, according to federal data, divorce still shapes a large part of U.S. culture. About 1.8 million Americans got divorced in 2023, according to Pew — reshaping how families and households are formed, often in surprising ways. 

    Two-thirds of divorced Americans marry again, according to the Pew analysis released Thursday, which focused on what it called in its report “eight facts” about divorce in the U.S. 

    Men and women are remarrying at a fairly similar rate, though divorced men are slightly more likely to remarry than women, Pew found. A slight caveat, the analysis showed, was that widows are less likely to remarry than women who have been divorced. 

    And Pew found that 46% of divorced Americans who have remarried have a child with their current spouse. 

    “A sizeable fraction of Americans who’ve divorced have gone on to form new families,” lead study author and Pew research associate Jake Hays told CBS News.

    For those who do remarry, the economic benefits can greatly outweigh the single life. Pew found that the median household wealth, or net worth, of divorced working adults was $98,700 in 2023, while those in their first marriage had a median household wealth of $326,900. Remarried people had a slightly higher net worth of $329,100, Pew found. 

    Bari Z. Weinberger, a New Jersey divorce attorney, told CBS News via email that her clients often get back in touch with her firm after they enter a “new committed” relationship.

    “Having gone through the experience of divorce, people entering a second marriage tend to approach it with more clarity and foresight,” Weinberger said. 

    Often, those about to remarry have questions about whether their alimony will end, and they also ask about prenuptial agreements, she said. Weinberger urged those entering second marriages to set clear expectations “when assets from a prior marriage are involved.”

    But some experts cautioned that remarriage might not lead to forever after all. 

    Professors Rosie Shrout of the University of British Columbia and Dana Weiser of Texas Tech University research “gray divorces” — a term that refers to couples 50 and older who get divorced. They cautioned that second marriages can lead to gray divorces.

    “Many of these gray divorces are actually second marriages,” they wrote in an email to CBS News, adding that, in general, there is a higher divorce rate for second marriages compared to first marriages.

    Pew researchers found that, overall, the divorce rate has continued to decline since the 1980s, with gray divorces being the exception. Although the gray divorce rate has leveled off recently, after rising from 1990 to 2008, Pew found. 

    That leveling off could be due to several reasons, Shrout and Weiser said. There are fewer marriages today compared to previous generations, and some older people are in committed relationships without marriage. Just like younger couples, cohabitation without marriage is an increasingly popular choice among older adults. There are also those couples who choose to live apart, a term referred to as “living apart together,” where they maintain separate homes while in a committed relationship, the professors wrote.

    Shrout and Weiser added that older adults are often “focused on the positives and the things that make them happy — like connecting with people they love and care about and spending time doing activities they enjoy.” 

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  • Cost of repairs and renovations adds thousands of dollars to homeownership

    Cost of repairs and renovations adds thousands of dollars to homeownership

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    Monthly mortgage payments aren’t the only recurring cost tied to owning a home. Money spent on maintenance, renovations and repairs, particularly for older houses, can easily cost homeowners thousands of dollars.

    The median amount Americans spent on home renovations in 2022 was $22,000, according to home improvement website Houzz. That’s up from $14,000 in 2018. Among the top 10% of homes that spent the most on renovations last year, the median spend was $140,000 or more. 

    Experts in residential construction told CBS MoneyWatch that no homeowner can escape home maintenance because appliances eventually break down and weather erodes parts of a home’s exterior. The higher annual spend is also a reflection of the higher cost of materials which have risen exponentially over recent years. 

    “A two-by-four may have been $7 and it went up to $15,” said Matthew Francis, who teaches building construction at Pennsylvania College of Technology. “A sheet of OSB (oriented strand board) was $10 and it went up to $70. Straight down the line, material prices just skyrocketed through the roof.”

    Contractors that specialize in home renovations are also charging more because the cost of their employee health insurance, workmen compensation and liability insurance have increased, Francis added. 

    Most of the renovations that Americans with older homes completed in recent years involved replacing ceiling tiles, drywall, flooring, paneling, plumbing fixtures and water heaters, according to U.S. Census data released this month. These days, homeowners are also focusing on fixing and replacing things like toilets, sinks, shower tiles and pipe associated with those systems, said Alan Archuleta, chairman of the home remodelers council at the National Association of Home Builders.  

    “Kitchens and bathrooms have the most working products in them, so they have the most points of failure,” he added. 


    Severe weather events strain U.S. insurance system

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    Exposure to elements

    The most common exterior renovations homeowners included deck repair, window replacements, new doors and roof repair, the Census data shows. Archuleta and Francis said decades of exposure to rain, snow, sunlight and wind damages the wood used on decks, as well as window panes and roof shingles. 

    “Nowadays, they say shingles have lifetime warranties, but in 25, 30, 35 years you’re going to be replacing your roof,” said Francis, who spent 15 years as a project manager for a construction company. “The environment really does tear down the asphalt shingles and you’re going to need to make sure it’s waterproof.”

    Archuleta and Francis said there are some renovations that homeowners can do on their own, which could save money, including interior painting, power washing the siding and clearing the gutters. And even if someone doesn’t get to repairing those areas immediately, your house will still be safe, experts said. 


    Could a housing market recession be looming?

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    “The bones of your house are not going to go bad,” Francis said. “It’s the material that you put on your house or in your house that may go bad or you may want to change aesthetically down the road.”

    Here’s the median amount homeowners spent on renovating specific areas of their home last year, according to Houzz. 

    • Kitchen ($20,000)
    • Main bathroom ($13,500)
    • Guest bathroom or living room ($5,000)
    • Laundry room ($3,000)
    • Main bedroom ($2,500)
    • Dining room or home office ($2,000)
    • Guest bedroom ($1,000)

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  • World population expected to be over 7.9 billion on New Year’s Day, U.S. Census Bureau projects

    World population expected to be over 7.9 billion on New Year’s Day, U.S. Census Bureau projects

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    The global population is projected to be over 7.9 billion on New Year’s Day, the U.S. Census Bureau announced. That means the world’s population will have increased by almost 1%, or more than 73 million people, since New Year’s Day in 2022.

    The Census Bureau is also projecting that in January there will be 4.3 births and 2 deaths per second worldwide.

    The U.S. Census Bureau projects the global population will be over 7.9 billion people on New Year's Day.
    The U.S. Census Bureau projects the global population will be over 7.9 billion people on New Year’s Day.

    U.S. Census Bureau


    The bureau made estimates for the U.S. population as well, projecting the national population will be over 334 million — an increase of almost 0.5% or 1.57 million more people — on New Year’s Day.

    In January, the U.S. can expect 1 birth every 9 seconds and 1 death every 10 seconds, according to the bureau.

    Also, every 32 seconds, one person is expected to be added to the U.S. population through international migration.

    So, by combining births, deaths and international migration numbers, the U.S. can expect to add one new person to its population every 27 seconds, the Census Bureau said.

    The real-time counts of both the world and U.S. populations can be tracked here.


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