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Edited on Thu Jan-19-06 12:23 PM by ohiosmith
Research Shows Married People Faired Better Than Divorcees
Ohio State University Study researcher has concluded that marrying for money makes one person rich, but staying married rather than getting divorce makes a person wealthy.
Jay Zagorsky,a research scientist at OSU's Center for human resource research, studied the math on married couples compared to singles says "Getting married for a few years and then getting divorced is clearly not the path to financial independence,"
He devoted his time on tracking wealth and marital status of about 9,055 people from 1985 to 2000, his research was right as it's merely twice as much personal wealth can be calculated to a married people to a divorcee.
He warns that his study could vary on the difference of young and old Americans, whose attitudes about marriage, divorce and living together without marriage transcends to their progress of life.
Zaragoski said that a big reason why married people earns more wealth than others is because of simple economy scales, he states that one household is cheaper to maintain 2. he adds "Divorce looks like one of the fastest ways to destroy your wealth,"
Co-director of the National Marriage Project at Rutgers University David Popenoe, states people are more productive economically after the marriage. "They work harder, they advance further in their job, they save more money, and maybe invest more wisely," also adds "That's because, one can speculate, they are now working for something larger than themselves. They are working for a family." his comment underlines Zagorsky's point.
The study of Zagorsky showed that people who were single has slow progress of wealth going from a median of $1,500 to it's 15th year accumulations $10,900. While married people's progress is faster about 93 percent faster than single or divorced people.
One reason why divorced people accumulates less than married is that they lose net worth four years before their divorce were final, they could've live separated before the divorce that force them to support twice as much as they support before the divorce.
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