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Megan McArdle

Megan McArdle - Megan McArdle is a senior editor for The Atlantic who writes about business and economics. She has worked at three start-ups, a consulting firm, an investment bank, a disaster recovery firm at Ground Zero, and The Economist. More

Megan was born and raised on the Upper West Side of Manhattan, and yes, she does enjoy her lattes, as well as the occasional extra-dry skim-milk cappuccino. Her checkered work history includes three start-ups, four years as a technology project manager for a boutique consulting firm, a summer as an associate at an investment bank, and a year spent as sort of an executive copy girl for one of the disaster-recovery firms at Ground Zero … all before the age of 30.

While working at Ground Zero, Megan started Live From the WTC, a blog focused on economics, business, and cooking. She may or may not have been the first major economics blogger, depending on whether we are allowed to throw outlying variables such as Brad Delong out of the set. From there it was but a few steps down the slippery slope to freelance journalism. She has worked in various capacities for The Economist, where she wrote about economics and oversaw the founding of Free Exchange, the magazine's economics blog. She has also maintained her own blog, Asymmetrical Information, which moved to The Atlantic, along with its owner, in August 2007.

Megan holds a bachelor's degree in English literature from the University of Pennsylvania and an M.B.A. from the University of Chicago. After a lifetime as a New Yorker, she now resides in northwest Washington, D.C., where she is still trying to figure out what one does with an apartment larger than 400 square feet.

Department of kind of awful statistics

By Megan McArdle
Jul 9 2008, 10:41 AM ET Comment

I should probably just shutter the blog and redirect it to Ta-Nehisi Coates, but he keeps coming up with neat stuff. This on black illegitimacy. The stunning statistic that 70% of black babies are born out of wedlock is driven, to be sure, by the fact that many poor black women have a lot of children. But it turns out it is also driven by the fact that married black women have fewer children than married white women.

Ta-Nehisi suggests a reason for this that makes sense to me:

I'm effectively--if not legally--married. Been with the mother of my eight year old son for ten years now. More on this later. (I promise!) But basically when he was born I felt that he was the bond between us. In other words, he literally was the marriage ring. We'd both love to have more kids, but we simply can't afford it. Furthermore, we don't have particularly wealthy parents to fall back on. I think that's the situation a lot of married black folks find themselves in. They simply feel that they can't have more kids.


It's well known that the black middle class has a lot less in the way of assets than whites of similar income levels--hardly surprising, given the legacy of generations of discrimination and poverty. But that also means that things that a lot of white middle class people take for granted--like help with a down-payment on a house when you have your first kid--are less available. Middle class black parents have less in the way of a parental safety net than their white equivalents, so they're less likely to have a second kid.

So even though the statistic is basically correct--as Ta-Nehisi says, "Even if married black parents had kids at the rate that white married parents did (or better yet, Hispanic parents), black babies would still make up a disproportionate share of kids borne out of wedlock"--it's still worth interrogating, because the picture is considerably more complex than is generally implied.

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