In a fascinating new article from the New York Times, they address the changing nature of marriage in China and the financial impact that it’s having. Fewer Chinese people are getting married and this is creating a dramatic shift in China’s economic and social life. With less marriages, there are less appliance needs, less other family-related purchases and less spending. Businesses have started responding to this trend, focusing on things like cheap jewelry that a single woman might buy and on smaller appliances for a single person home. They are even seeing fertility services advertising the opportunity for women to freeze their eggs.
Read the full article and see how this one social decision is starting to have vast economic ramifications.