#youngcouple

Cohabiting but unmarried couples struggle to build as much wealth as married couples. There are many reasons at play, including socioeconomic factors. The higher your income, the more likely you are to marry, a 2017 report by the American Enterprise Institute found. Marriage rates are also lower among Black and Latino groups, and those same households of similar ages held far less wealth than their white counterparts, whether married or partnered. #marriage #money #single #marriedcouples #youngcouple #singlelife #rich #wealth #wsj #wallstreetjournal #thewallstreetjournal | Julia Carpenter Personal Finance Reporter | unmarried but cohabitating couples’ median net worth: | married couples’ median net worth: | vs. | $68,210 | $17,372
It is better—financially—to be married than single if you’re 25 to 34, according to the St. Louis Fed. The money gap between young married couples and singles has widened, thanks to inflation and rising home prices. After a spell of rapid inflation and years of pandemic living, single people are getting left further behind, say economists at the Fed and elsewhere. #marriage #money #single #marriedcouples #youngcouple #singlelife #rich #wealth #wsj #wallstreetjournal #thewallstreetjournal | (According to the Federal Reserve Bank of St. Louis)
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