Marriage and money: why partnership still matters financially
Marriage is not just about romance. From a financial perspective, it is one of the strongest predictors of long-term wealth accumulation.
Wealthist
Financial insights for everyone
Why do traditional life choices still matter in today’s world? Not because we should blindly follow the old ways, but because the data continually shows a strong link between long-term partnership and wealth growth.
Research consistently finds that married couples accumulate wealth faster than single people. Couples who live together with one long-term partner before marriage tend to outperform those who remain single or cycle through relationships.
One major economic finding stands out: married households often hold 30 percent to 200 percent more net worth than single households, even after controlling for age and income. If you believe life is financially easier alone, the data disagrees.
Why? Shared expenses, dual incomes, coordinated planning, and joint saving habits create compounding effects that are extremely difficult to replicate solo.
Hard truth: being single is not a failure. But if your goal is to build serious capital, intentional partnership and aligned financial goals usually accelerate wealth growth.
What the data actually shows
| Metric | Married households | Single households |
|---|---|---|
| Median net worth | $193,000 | $75,000 |
| Homeownership rate | ~65% | ~38% |
| Retirement account participation | Higher | Lower |
| Income volatility | Lower | Higher |
Source: U.S. Federal Reserve, Survey of Consumer Finances. View data
Net worth projection over time
The projections below use Federal Reserve medians and conservative compounding assumptions. Individual outcomes vary, but the directional gap is consistent across decades.
| Age | Married household (median projection) | Single household (median projection) |
|---|---|---|
| 30 | $60,000 | $25,000 |
| 40 | $185,000 | $80,000 |
| 50 | $420,000 | $170,000 |
| 60 | $750,000 | $320,000 |
Visual comparison at age 60
Sources: Federal Reserve Survey of Consumer Finances, National Bureau of Economic Research. NBER study
Why partnership compounds wealth
- Shared fixed costs: Housing, insurance, utilities, and transportation scale efficiently.
- Dual-income resilience: One job loss does not mean zero income.
- Coordinated planning: Couples save and invest more consistently.
- Behavioral stability: Married individuals take fewer extreme financial risks.
Marriage and wealth: common questions
Wealthist tip: Find a partner that shares your goals.
Wealthist tip: If you're making $200K-$300K a year as a household, you may want to talk to an advisor.
Wealthist tip: If you have a shared vision of the future (and you've talked about it with your partner) and you both plan to stay together forever (yes, we mean forever), maybe it's time to make it official.
Wealthist tip: If you're single and lonely, there are millions of people that share your situation. Stay away from instant gratification and look for a long-term partner only. Don't be afraid to tell people your plans either. You may sort out the wrong choices faster.
Keep learning
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