Thursday, January 08, 2009

Large Families Could Save Economy

Yep, you read that title correctly. Despite the furor regarding the so-called overpopulation crisis, KCPW is reporting that economist Kelly Matthews believes Utah's population base will help it to weather the economic storms much easier than other locales:
"That natural population increase has been a very important factor that is attracting businesses to come to Utah and establish their manufacturing or economic facilities," Matthews says. "And furthermore, it will be one of the factors that, I think, will begin to lead us out of this housing situation, because we simply have to have more homes being built."


Cathleen said...

I'm glad to know that I'm doing my part to help out during this economic crisis.

Scott Hinrichs said...

Another point of interest is that while the cost of the average home to average income ratio in Utah is quite high, the cost of the average home per capita is relatively low.

This is because we have more people per household in Utah and a lower rate of square dwelling feet per person than the national average.

Divorce, single parenting, and smaller families actually lead to higher levels of square feet of living space per person, making housing per person more expensive. Larger families actually make housing per person less expensive (even if housing per income earner is higher).

Larger families also produce less environmental impact per person than do smaller families. A family of six living together has significantly less environmental impact than do two families of three each living in its own home.