For rich or richer? Marriage is a win

This WSJ article is suggesting that being married helps couples' money lead over their single friends. Is it possible? Yes, it is possible, but not necessarily true. It also depends on whether you are on the same page as your partner and if you are both engaged in the decision making. It is also possible that for the advantage of (potentially) having that second income you might also experience higher expenses for things that their single friends might not have. Bottom line, so hard to generalize an advantage/disadvantage for any individual situation with certainly, but articles like this have to generalize. People on the other hand are a sample of one set of data and need to only be concerned with their own plans. What do you think? https://lnkd.in/e3HZbK2Y

There are more young single people in America. Inflation has been harder on them than on their married friends. “I’m doing OK, but it’s a renting future.”

This WSJ article is suggesting that being married helps couples' money lead over their single friends. Is it possible? Yes, it is possible, but not necessarily true. It also depends on whether you are on the same page as your partner and if you are both engaged in the decision making. It is also possible that for the advantage of (potentially) having that second income you might also experience higher expenses for things that their single friends might not have. Bottom line, so hard to generalize an advantage/disadvantage for any individual situation with certainly, but articles like this have to generalize. People on the other hand are a sample of one set of data and need to only be concerned with their own plans. What do you think? https://lnkd.in/e3HZbK2Y

There are more young single people in America. Inflation has been harder on them than on their married friends. “I’m doing OK, but it’s a renting future.”

There are more young single people in America. Inflation has been harder on them than on their married friends. “I’m doing OK, but it’s a renting future.”

Married couples have a 10x higher net worth than singles, and the gap has been rapidly widening. Why is it that wealthier citizens tend to be the ones getting married? And why do married couples tend to economically prosper? "The median net worth of married couples 25 to 34 years old was nearly nine times as much as the median net worth of single households in 2019, according to the most recent data from the Federal Reserve Bank of St. Louis." Inflation Widens Married Couples’ Money Lead https://lnkd.in/gUBGCiCn

Married couples have a 10x higher net worth than singles, and the gap has been rapidly widening. Why is it that wealthier citizens tend to be the ones getting married? And why do married couples tend to economically prosper? "The median net worth of married couples 25 to 34 years old was nearly nine times as much as the median net worth of single households in 2019, according to the most recent data from the Federal Reserve Bank of St. Louis." Inflation Widens Married Couples’ Money Lead https://lnkd.in/gUBGCiCn

Society prioritizes people who are partnered. And since the pandemic and inflation have hit, it's only gotten worse. "The median net worth of married couples 25 to 34 years old was nearly nine times as much as the median net worth of single households in 2019."

“Single women face additional hurdles to generating wealth.” “Women also live significantly longer than men, which puts added pressure on them to finance their retirement years…” What’s you plan? #BloomThrivent #WomenMoney https://lnkd.in/gas4RRbZ