Love and Finance

Love and Finance How much does the typical relationship cost? while dating, couples who marry incur total costs of about $40, 441.92 $106.37 is spent on valentine's day alone and the average cost of a wedding today is $27,800 perhaps that is why marriage rates increase for people with greater financial stability 338 71% 82% 83% $1ooK SIMM SIMM $5MM $5MM+ Why does it pay to be in a relationship? divorce is a $28 billion per year industry with average costs ranging from $15,000 - $30,000 husbands and wives receive health insurance benefits through their spouses 14% 24% men women women who are divorced receive less social security money than women who are married $1,000/month divorced women $2,000/month divorced women $2,200/month continuously married women who remarried women who divorced in the past 12 months were more likely than men to be living in poverty 40- 22% 11% women men these women were also more likely to receive public assistance than recently divorced men 23% How well do couples communicate about finance? he said, she said. who makes financial decisions in your marriage? men women V 55%1 do V 0% my spouse does V 45% we make decisions together 13% I do V 4% my spouse does O 83% we make decisions together who would your spouse say makes financial decisions? men women V 60% 1 do V 1% my spouse does 39% we make decisions together 17% 1 do V 8% my spouse does 75% we make decisions together does your spouse know the financial state of your estate? 92% yes in the event of your spouse's death, would you feel confident that you could locate the necessary financial documents? 100% yes MILLIONAIRE Brought to you by CORNER Millionaire Corner