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Analysis

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Although family life in America has become less stable over the last several decades, the majority of the American population still agrees that marriage provides value to individuals and society. Yet based on results from the 2018 American Family Survey, marriage and parenting fall low on the list of what respondents considered essential to a fulfilling life. And while Americans overall seem to think that childbearing should take place within marriage, marriage does not seem to be as important a prerequisite to becoming a parent as are other factors.
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This week, marking Martin Luther King Jr. Day, Senator Mike Lee raised the question of whether a conservative populism could be racially unifying, rather than divisive. Senator Lee emphasized the importance of both advocating personal responsibility and acknowledging deep-seated barriers to opportunity (including policy barriers), as Dr. King did. To illustrate the point, and how social capital can be affected by deep-seated cultural, economic, and historical factors, the piece featured a map developed by the Social Capital Project.
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Social capital may be most valuable when an individual’s needs are greatest. Old age is a time of life when people often need to rely on family, friends, and other social relationships for care they are no longer able to provide for themselves. If an elderly adult lacks those relationships, however, they may have to lean more heavily on paid professional care, potentially leading to a lower quality of life and higher costs for families and government.
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Despite a recent uptick, the number of people filing claims for unemployment insurance plunged by 27,000 last week, resuming its downward trend. It remains near lows not seen since the late 1960s. Along with accelerating wage growth and a record number of job openings, this indicates workers are reaping the benefits of pro-growth tax and regulatory reforms.