Friday, January 11, 2019

Americans Marrying for Money

From MarketWatch:

People are more realistic than romantic by the time they wed, Abby Rodman, a psychotherapist in Boston, told MarketWatch. “We’re living in a time when people are waiting longer to get married,” she said. “Today, both genders are closing in on 30 by the time they tie the knot. If they’ve already experienced a long-term, ‘head over heels’ relationship before marriage, they’ve also learned that those crazy in love feelings do subside over time.” She described this as a “somber maturity.”

Rsearch supports her theory. Some 56% of Americans say they want a partner who provides financial security more than “head over heels” love (44%), a survey released Friday by Merrill Edge, an online discount brokerage and division of Bank of America Merrill Lynch BAC, -0.04% found. This sentiment is held in almost equal measure by both men and women (54% and 57%). Generation Z (born between 1996 and 2010) is the only cohort to choose love (54%) over money.

Read more here.

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