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Want to be wealthier? Get married. According to a study published in Journal of Sociology, the net worth of a married person grows approximately 75 percent more during their thirties, forties, and fifties than the net worth of an unmarried person. (That’s per person in the relationship, not per couple.)
Want to make earn a higher income, and feel more satisfied with your job? Get married. A Washington University in St. Louis study found that people with relatively prudent and reliable partners tend to perform better at work, earning more promotions, making more money, and feeling more satisfied with their jobs.
What the researchers call “partner conscientiousness” predicts future job satisfaction, income, and likelihood of promotion (even after factoring in the participants’ original level of conscientiousness). According to the researchers, “conscientious” partners perform more household tasks, exhibit more pragmatic behaviors that their spouses are likely to emulate, and promote a more satisfying home life, all of which enables their spouse to focus more on work.
As one researcher said, “These results demonstrate that the dispositional characteristics of the person one marries influence important aspects of one’s professional life.” Or in non researcher-speak, a good partner sets a good example and helps create an environment where you can be a better you.
Other data backs up the above findings. A 2021 Census Bureau report found that married adults tend to earn substantially more than unmarried adults, and have three times the net worth. A 2021 Bureau of Labor Statistics survey found that married couples spend about $10,000 less per person than unmarried people. Making more and spending less? Great formula for a higher net worth.
That’s why deciding whom to marry is one of the most important decisions you’ll make where your overall happiness, career prospects, and financial success are concerned.
Clearly you have to choose the right person to spend your life with.
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Jeff Haden
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