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Is marriage an outdated institution? Is co-habitation replacing the institution of marriage, and will this affect the security and stability of children?

Many social scientists and indeed many tabloids claim that marriage is arguably losing its appeal. With divorce ever on the rise – with statistics showing one out of every three marriages end in divorce, the institution of marriage as a religious and legal bond may be considered outdated in today’s society. Co-habitation is no longer unacceptable, indeed it is commonplace among the youth of today, and illegitimacy no longer carries such a social stigma. But is a stable family environment dependent on a marital bond – or more appropriately, if not dependent is it improved? What do you think??