Marriage and Money

The topic of this article is somewhat near and dear to my heart. To the extent that I was seriously considering doing my dissertation on something related to it, but decided not to because I already have some strong opinions that would most likely prove me to be biased. The article raises some valid points as it relates to rates of marriage. Among the people I know, many are working to become financially secure before they get married. In contrast, many people from my parent’s generation got married young and struggled. One positive thing about that path is that if you’ve already made it through hell when your marriage is young, you’ll probably be less likely to leave the partner who stood by you during that dark period. However, while there’s nothing wrong about being in love and being poor, it’s not the easiest of lives to lead. Add children to the already financially stressed couple and you have a recipe for a super stressed relationship that could easily lead to divorce if the couple has not developed some good communication skills and a genuine friendship with each other. One of the premises of this article is that marriage can lead to wealth but the rates of marriages are declining. People are waiting longer to get married. I know of a couple who became wealthy simply because they only lived off the salary of one of the partners and then invested the salary of the other partner. Decisions like that are impossible when you’re living on a single income. People want to know that they have some sort of a buffer in marriage and aren’t coming into it with nothing. For some people, marriage is the best financial decision that they’ve ever made. I wonder what the lasting effects of people getting married at later ages will be on wealth accumulation as a whole?

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