Marriage And Money
Posted: January 20th, 2010 | Author: admin | Filed under: Money Management | No Comments »There was a time when a woman’s road to financial security ran straight down the aisle and into the arms of a husband. It’s the plot of just about every Marilyn Monroe movie; girl meets boy, girl hopes to cash in big.
Who holds the purse strings in the modern marriage?
But times have changed.
A new study by the Pew Research Center shows that it’s not the wives who get the biggest economic boost from marriage. It’s the husbands.
The reason: Women have entered the workforce in a big way in the past 40 years. And they’re outpacing men in education and income growth.
The numbers, according to Pew, don’t lie. Median household income has risen 60 percent for married men and women since 1970. Single men have seen a 16 percent increase. Read more…