January 20, 2006
IF MAN WERE MEANT TO BE SINGLE WE'D HAVE ANOTHER RIB:
Marriage builds wealth more than being single? (Joanne Morrison, 1/20/06, Reuters)
Staying married has its benefits, especially financial, as a new U.S.-wide study shows the wealth of a married person is almost double that of somebody who is single.Posted by Orrin Judd at January 20, 2006 11:26 PMDivorce among U.S. baby boomers reduced personal wealth by about 77 percent compared to that of a single person, while the financial standing among those who remained married almost doubled, according to a nationwide study released this week.
"If you really want to increase your wealth, get married and stay married. On the other hand, divorce can devastate your wealth," said Jay Zagorsky, author of the study and a research scientist at Ohio Sate University's Center for Human Resource Research.
Married people will see an increase in wealth that is more than just adding the assets of two single people, according to the study that was published in the Journal of Sociology.
Those who remained together saw a 93 percent gain in wealth compared to that of a single person, while individuals facing divorce saw their financial situation deteriorate long before the decree became final, according to Zagorsky.
My wife had ribbed me for more than 42 years.
Posted by: ghostcat at January 20, 2006 11:52 PM*rim shot*
Ghostcat will be appearing here in the lounge all weekend folks . . .
Posted by: Mike Morley at January 21, 2006 7:11 AM