The divorce rate is down – and so is consumer confidenceLiz Peek | Today 10:00 am

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p> Chelsea Clinton is getting married; you may have heard. She is, of course, not alone. We are in high wedding season; more than two million one-somes will become twosomes this year, or about seven individuals in 1,000 – one of the highest marriage rates in the developed world.

Surely, saying "I do" is one of the happiest expressions of optimism in the future, especially given prevailing misconceptions about the divorce rate. While most think that half of all marriages end in divorce, the truth is more encouraging. In fact, the divorce rate apparently peaked in the 1970s when more women entered the workforce, earning money that would ultimately give them greater freedom to divorce. Also, divorce laws changed, making it ...

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