Apr 30, 2020 - Economy & Business

U.S. marriage rate sinks to record low

A couple taking wedding photos in Central Park on April 25. Photo: Alexi Rosenfeld/Getty Images

The U.S. marriage rate fell by 6% in 2018 to only 6.5 new unions for every 1,000 people, per a report from the CDC's National Center for Health Statistics.

Why it matters: It's the lowest rate recorded since the federal government began collecting data in 1867, according to the Wall Street Journal.

  • Marriage is correlated with a number of positive health outcomes, including longer lives and fewer strokes and heart attacks, according to Harvard Medical School.

What's happening: More people are forming households without marrying.

  • Declining religious observance and growing acceptance of unmarried households are also playing a role.

By the numbers: Around half of American adults lived with a spouse in 2019. About seven in 10 lived with a spouse in 1970.

  • Around 7% lived with a partner last year — up from less than 1% in 1970.

What's next: The fallout from the coronavirus pandemic may further discourage marriage as the virus disrupts everyday life and produces economic instability.

Go deeper: Coronavirus reshapes American families

Go deeper

Mark Zuckerberg: Social networks should not be "the arbiter of truth"

Photo: Drew Angerer/Getty Images

Facebook CEO Mark Zuckerberg argued on CNBC's "Squawk Box" Thursday that social media platforms should not police political speech, and that "people should be able to see what politicians say.”

Why it matters: Zuckerberg was responding to Twitter's decision this week to fact-check a pair of President Trump's tweets that claimed that mail-in ballots are "substantially fraudulent." Twitter's label, which directs users to "get the facts" about mail-in voting, does not censor Trump's tweets.

House Democrats pull FISA reauthorization bill

Speaker Nancy Pelosi. Photo: Saul Loeb/AFP via Getty Images

House Democrats pulled legislation Thursday that would have renewed expired domestic surveillance laws and strengthened transparency and privacy protections amid broad opposition from President Trump, House GOP leadership and progressive Democrats.

Why it matters: The failure to reauthorize the Foreign Intelligence Surveillance Act (FISA) comes as Trump continues to attack the intelligence community, which he claims abused the law to surveil his 2016 campaign and Trump administration officials.

U.S. GDP drop revised lower to 5% in the first quarter

Data: Bureau of Economic Analysis; Chart: Axios Visuals

The U.S. economy shrunk by an annualized 5% in the first quarter — worse than the initially estimated 4.8% contraction — according to revised figures released by the government on Thursday.

Why it matters: It's the worst quarterly decline since 2008 and shows a huge hit as the economy was just beginning to shut down because of the coronavirus. Economists are bracing for the second quarter's figures to be the worst ever — with some projecting an annualized decline of around 40%.

2 hours ago - Economy & Business