As if I really needed another source telling me to get married…
Study: Marriage Builds Wealth, Divorce Destroys It
— reported by Click2Houston.com
Marrying for money, it turns out, works.
A study by an Ohio State University researcher shows that a person who marries — and stays married — accumulates nearly twice as much personal wealth as a person who is single or divorced.
And for those who divorce, it’s a bit more expensive than giving up half of everything they own. They lose, on average, three-fourths of their personal net worth.
Zagorsky showed that single people slowly accumulated wealth during the study, going from a median of $1,500 at the start to $10,900 in the 15th year.
Married people accumulated wealth much faster, accumulating 93 percent more than single or divorced people over the life of the study, Zagorsky said.
People who divorced started losing net worth four years before their divorces were final, Zagorsky said. That could be because they had separated before divorcing, forcing them to support two households, he said.
The study found that men fared better than women after divorce, holding about 2 1/2 times the wealth. However, in dollars, it added up to a difference of only $5,124.