Jay Zagorsky
Jay Zagorsky
arise family higher larger men report values wealth women
Couples' wealth disagreements arise because men report higher values for the family assets, while women report larger values for the family's debts.
below decade divorce stays wealth
Even a decade after divorce, the median wealth stays below $10,000.
economic financial gap impacts national quite relationship reports
There's quite a gap between husbands' and wives' reports of their financial status. These differences may have significant impacts on everything from a couple's relationship to national reports of economic statistics.
destroy divorce fastest looks ways
Divorce looks like one of the fastest ways to destroy your wealth.
assets causes decrease divorce larger splitting wealth
Divorce causes a decrease in wealth that is larger than just splitting a couple's assets in half.
clearly divorced few financial married path
Getting married for a few years and then getting divorced is clearly not the path to financial independence.
increase key married staying wealth wonderful
Getting married and staying married is a wonderful way to increase your wealth - but the key is stay married.
admit match people perception
Perception does not match reality. People don't want to admit they're doing terrible.
became decline divorce explain falling help messy people separated starts wealth
Many of these people may have separated before the divorce became official, which would help explain why wealth starts falling so early. Divorce is often a long and messy process, and you can see this in the four-year decline in wealth.
both destroys divorce men slightly wealth
While men come out slightly ahead, divorce destroys wealth dramatically for both sexes.
data divorced increase less married people reasons stay wealth
We can't tell from these data the reasons why divorced people have so much less wealth than those who are married. If you really want to increase your wealth, get married and stay married.
build divorce hard less marriage messy people trying wealth
Some people may also be working less and not trying as hard to build wealth as they have marriage troubles. Divorce is often a long and messy process.
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I think it's really one of these really simple stories that two can live cheaper than one.
cheaply due economies effect people scale
Some of that effect is due to economies of scale ... that is, two people can live more cheaply than one.