Personal Finance

Love and Money: What Statistics Say

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Perhaps Money Can Buy Love

Image: Aleandr

It’s been said that money can’t buy happiness, but Money Management International’s 2011 Love and Money Survey shows found that 89 percent of married couples with annual household incomes of $50,000 or more say that they are happy compared to 79 percent of couples with an annual household income below that level. According to 63 percent of the unhappily married couples’ surveyed, financial issues are the primary source of unhappiness, which is a big increase from the 59 percent who cited the same in 2009. Source: Money Management International’s 2011 Love and Money Survey  

And perhaps the saddest research I read involved a recent study that found a strong connection between declining marriage rates and incomes over the past 50 years. According to a story in the New York Times, a recent report by Michael Greenstone and Adam Looney of the Hamilton Project, found that “dwindling marriage rates are concentrated among the poor—the very people whose living standards would be most improved by having a second household income. The trend is especially pronounced among men.” Source: New York Times, February 6, 2012 

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