Magazine article USA TODAY

Wives' Big Salaries Curtail Relocation

Magazine article USA TODAY

Wives' Big Salaries Curtail Relocation

Article excerpt

An increase over the last decade in the number of dual-professional marriages, in which both husband and wife earn substantial salaries, undoubtedly has helped fuel recent strong gains in home buying and recession-defying consumer spending, notes John A. Challenger, chief executive officer of the international outplacement firm Challenger, Gray & Christmas, Inc., Chicago.

A recent survey shows the expansion of these higher income households also is the primary cause of a 54% decline in the number of jobless managers and executives who are willing to relocate for a new position if it means the employed spouse would be forced to leave his or her job. "With more married couples who both have well-paying jobs, it is easier when one loses his or her job to live temporarily on one income without resorting to relocation."

Only 23% of jobless managers and executives relocating for new jobs in the first quarter of 2004 had employed spouses. That is down 54% from the annual average in 1995, when half had employed spouses. …

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