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I do: The number of marriages rose in the latest national report

I do: The number of marriages rose in the latest national report

Wedlocked

It seems that more Americans were saying “I do” in 2022… while fewer existing couples called “I don’t” on their unions.

New data released by the Center for Disease Control and Prevention’s National Center for Health Statistics found that marriage rates rebounded in 2022 from the record low seen in 2020, with more than 2 million marriages recorded for the first time since 2019 — equivalent to a US-wide rate of 6.2 per 1,000 people, as 32 states reported increases.

Degrees of separation

Divorce rates also decreased slightly to 2.4 per 1,000 in 2022 from 2.5 the year before, continuing a — somewhat surprising — steady downward trend of divorces, which has nearly halved from a rate of 4 per 1,000 at the turn of the millennium.

Indeed, the small increase in marriages comes as some countries attempt to bolster falling populations by incentivizing marriage, with China recently ending a 9-year decline in nuptials off the back of its ‘three-child policy’. And, although US marriages remain far less common than their 1946 peak (~16.4 per 1,000), tying the knot in Vegas is still giving traditional weddings a run for their money: in 2022, Nevada had a statewide marriage rate of 25.9 per 1,000 and a (presumably quickie) divorce rate of 4.2 per 1,000.

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Starbucks sells control of China business for $4 billion

Starbucks disclosed on Monday evening in a regulatory filing that it will sell control of its ailing China business to Boyu Capital for about $4 billion.

Under the agreement, Boyu will own a 60% stake in the China segment, which will become a joint venture between Boyu and Starbucks. The coffee chain will retain a 40% interest in the entity and will continue to own and license the brand and intellectual property.

Bloomberg reported earlier this year that the company was looking to sell its China segment. The American coffee giant has struggled to succeed in China, its second-largest market after the US.

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