Want to get rich? Get/stay married.

[ohiosmith]

Research Shows Married People Faired Better Than Divorcees


Ohio State University Study researcher has concluded that marrying for money makes one person rich, but staying married rather than getting divorce makes a person wealthy.

Jay Zagorsky,a research scientist at OSU's Center for human resource research, studied the math on married couples compared to singles says "Getting married for a few years and then getting divorced is clearly not the path to financial independence,"

He devoted his time on tracking wealth and marital status of about 9,055 people from 1985 to 2000, his research was right as it's merely twice as much personal wealth can be calculated to a married people to a divorcee.

He warns that his study could vary on the difference of young and old Americans, whose attitudes about marriage, divorce and living together without marriage transcends to their progress of life.

Zaragoski said that a big reason why married people earns more wealth than others is because of simple economy scales, he states that one household is cheaper to maintain 2. he adds "Divorce looks like one of the fastest ways to destroy your wealth,"

Co-director of the National Marriage Project at Rutgers University David Popenoe, states people are more productive economically after the marriage. "They work harder, they advance further in their job, they save more money, and maybe invest more wisely," also adds "That's because, one can speculate, they are now working for something larger than themselves. They are working for a family." his comment underlines Zagorsky's point.

The study of Zagorsky showed that people who were single has slow progress of wealth going from a median of $1,500 to it's 15th year accumulations $10,900. While married people's progress is faster about 93 percent faster than single or divorced people.

One reason why divorced people accumulates less than married is that they lose net worth four years before their divorce were final, they could've live separated before the divorce that force them to support twice as much as they support before the divorce.

[skygazer]

1. Luckily I don't want to get rich

However, this does back up my assertion that marriage is less about emotion and love and more about money.

[MissMillie]

4. it does?

Granted, I see that the article says that people who stay married are more likely to keep their money. But I don't see a statement that says that the money is the incentive to get and stay married.

[skygazer]

6. No, it doesn't say that outright

But marriage has always been more about property and money than anything else - you can have a loving, committed, monogamous relationship without marriage. Marriage is and always has been a way of providing financial security as well as implied legitimacy of children (important because it ensures the inheritance of wealth within the family - there's that pesky money again).

I have nothing against marriage per se (though it's not for me - in my opinion, it's a business contract and I prefer not to have the state write my business contracts for me, preferring to do that myself). But I do object to the idea that somehow you can't truly love someone unless you're willing to marry them.

So though the article doesn't state that money is the incentive to get and stay married, it does reinforce my feelings (to me) by pointing out the monetary aspects that make marriage desirable.

That is all.

[azmouse]

2. Yep. I agree with that.

Been married almost 19yrs and hubby and I have accumulated substantial wealth. But the money is just
a nice extra. We are still best friends after all these years!

[Rabrrrrrr]

3. And who wrote that article?

Cripes.

[lukasahero]

5. Not my experience

My ex was spending money faster than I could earn it. Getting him off my "payroll" was the best decision I ever made. And I tripled my salary and increased my savings 30-fold since getting divorced.

I guess it may depend on who you're married to. :)

[Left_Winger]

8. Same experience here

[wildhorses]

9. *raises hand* me too! me too!

I am still recovering from my ex's decisions that he saw fit NOT to include me

[LynneSin]

7. One Word: LAWYERS

that's why divorce people are so poor.

I worked with a lady who was so pissed to find out her husband was cheating on her that she raked him through the coals for every penny he had. Not only was he paying through the nose for the kids but he had to cover the lawyer fees and trust me, anytime he pissed her off she called the lawyers and had them slap something extra on the divorce settlement.

She was pissed to find out that he moved in with the girlfriend but could you blame the guy. He worked for the same company and actually made more money than she did. But by the time he was done paying for the kids, the house payment & bills and all the add-on lawyer fees he had no money left to even rent an apartment and pay for the necessities. Of course when he moved in with the girlfriend the ex-wife went back to the lawyers to add more stuff about what he could & couldn't do with the kids.

It made no sense because he really wanted to take care of his children but those lawyer fees basically crippled him financially.