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Want to improve your financial net worth? Get married

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By Michael De Groote, Deseret News

Published: Saturday, March 2 2013 1:05 p.m. MST

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Summary

Americans often forget the realities of how marriage affects net worth as ideas about the purpose of marriage have shrunk over time.

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  • BYU professor says marriage helps finances

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They are those rare moments when parents can talk with their children about the day's events. Here is an article we think your family may enjoy reading and discussing. What are your thoughts?

Hymowitz of the Manhattan Institute says this impacts the possibility of change. "They are not willing to say marriage is better for us as a society," she says. "If you can't get the elites to do that, what kinds of policies can be enacted? … There is so much resistance."

But Hymowitz is somewhat optimistic. "Surveys suggest that the large majority of young people want to get married some day," she says, "and believe in marriage as an aspiration. We need to enrich their understanding of what marriage is."

Sixty-one percent of men and women who have never married say they would like to get married, according to a 2010 Pew Research Center survey. Only 12 percent say they do not want to marry, and 27 percent are not sure.

Freed didn't get married until he was in his mid-thirties, but now with a 15-year-old daughter and secure finances, says there are many things he would never have done had he not been married.

"There's always decisions you have to make along the way," Freed says. "Sometimes having someone else there can look at what you are doing and say, 'Wait a minute, there is a problem here' or 'Have you considered that?' Sometimes two heads are better than one. And it's helped. Sometimes she sees things I don't see and I see things she doesn't see. And we collaborate and work together, and we've done reasonably well as a result, I think."

EMAIL: mdegroote@deseretnews.com

Twitter: @degroote

Facebook: facebook.com/madegroote

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Featured Comments

See all 11 comments »
Vladhagen
Salt Lake City, UT

I think that the comments on being gay and not being able to get married are interesting. While it is true that in Utah a gay person cannot marry a person of the same gender, they could, if they so desired, get married to a person of the opposite More..

  • 1:24 p.m. March 4, 2013
  • Top comment
FatherOfFour
WEST VALLEY CITY, UT

"Want to improve your financial net worth? Get married"

Unless you're gay. Then the government in this state doesn't allow it. You can still go to Las Vegas, marry a nice girl at a drive thru wedding chapel, cheat on her More..

  • 12:41 p.m. March 4, 2013
  • Top comment
Itsme2
SLC, UT

Please stop pushing the gay agenda, isrred. This article has nothing to do with homosexuality.

  • 1:45 p.m. March 4, 2013
  • Top comment
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About the Author
Michael De Groote

Michael De Groote

I am a staff writer for the Deseret News. My current beat is financial responsibility. I also occasionally write on other topics such as faith. I graduated from Arizona State University and from J. Reuben Clark Law School more ..

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