The economist.com had a special report on the recent marriage trend in America. I found some numbers in the report clearly demonstrated that marriage is a great "wealth-generating institution":
(1) research have shown those who married and never divorced, end up on average, 4 times richer than those who never marry. This is partly because marriage provides economies of scale—two can live more cheaply than one; partly because marriage encourages the division of labour, couples are complement to each other in their skill set.
(2) research also shown married men drink less, take fewer drugs and work harder, earning between 10% and 40% more than single men with similar schooling and job histories.
3 comments:
I would certainly agree with you that marriage makes one rich in some ways - joy, love, and spiritual growth. But as far as the financial side of it, well, my experience is that two incomes simply allow you to live twice as far beyond your means! And that's my two cents worth (four cents, if you count my wife)...
Another good reason to take the plunge!
Life. . . . I think the numbers leave out the reason married people are richer is because divorced people have to split the stuff... All the debt. . . all the assets. . .
There is lots of research about men's life expectancy increasing when they marry.
I know that has to do with the stats you gave. . . less drinking. . . drugs. . . and of course. . . in an Italian house. . . lots of good food.
Ciao
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