Marriage can bring love and companionship, but it can also bring financial blessings as well, according to CBS Boston.
The marriage rate among American adults has gone down 20 percent over the last 50 years, according to the article. When you consider that married couples generally have twice as much money in the bank as unmarried couples, the decline in marriage rates is unfortunate.
"The attitude of what's mine is mine and what's yours is yours now becomes, let's create our financial future," Kristen Harad, a financial advisor told CBS Boston.
By leveraging their combined income and assets, married couples have the ability to meet financial goals that would be impossible individually, like starting a business or going back to school, according to the article.
Married men, on average, earn 30 percent more than single men, according to the article. But marriage doesn't just come with more income; it can come with other perks as well. Marriage is often accompanied by lower auto insurance rates, tax breaks and health insurance.
Click to read the full article at CBSlocal.com
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