It’s that time of year again: wedding season. The time of year when couples tie the knot and the romantics among us breathe a collective sigh as we take in all the love that’s in the spring air! With all the wedding activity going on have you ever wondered how your married friends stack up to your single friends financially speaking? I did a little digging and the answer may surprise you.
Research shows that married couples are more financially stable and have more disposable income than their single counterparts. It would seem that there are some financial benefits to marriage including:
A potentially better financial picture doesn’t mean that every person should get married – especially for the wrong reasons. If you marry, of course, you should marry for love! A rosier financial future doesn’t guarantee you happiness, but it sure can help smooth out some of the bumps along the way.
If you do tie the knot, however, know that there may be some financial perks in the arrangement that you may not have considered before. In addition to the financial benefits, studies have shown that married men and women tend to live longer, have fewer mental health issues, report better health, and have both more frequent and more satisfying sex. Kind of puts that old “ball and chain” myth to rest doesn’t it?
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Consumer Education Services, Inc. (CESI) is a non-profit service provider of comprehensive personal financial education and solutions for all life stages and for all of life’s milestones. Our goal is enhanced economic security for everyone we serve.
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