Online dating economy

03-Feb-2018 15:27

In a fairly recent CNN report, love not only fuels romance but also spurs the economy. Having watched the video above, one wonders whether love has become a commodity.

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I can’t imagine my dear old grandparents calling themselves doms and subs. A young couple, mimicking a modern day Romeo and Juliet, will find ways not to be kept asunder. But, it can also lead to a person’s ruin or perdition.Knowing therefore how powerful love can be, it’s no surprise that enterprising businessmen can find ways to channel passion, affection, and ardour into a lucrative endeavor.Online dating has jumped among adults under age 25 as well as those in their late 50s and early 60s.

The share of 18- to 24-year-olds who use online dating has roughly tripled from 10% in 2013 to 27% today.One factor behind the substantial growth among younger adults is their use of mobile dating apps.About one-in-five 18- to 24-year olds (22%) now report using mobile dating apps; in 2013, only 5% reported doing so.Digital technology and smartphones in particular have transformed many aspects of our society, including how people seek out and establish romantic relationships.