Fourth Quarter 2022 Insights and ObservationsSubmitted by Corrigan Financial, Inc on December 15th, 2022
Married couples have four times as much wealth as unmarried couples who live together. Combining assets may be one of the reasons. Research from Cornell University and the University of Colorado at Boulder suggests that couples who combine checking, investing, and credit card accounts are happier over the long term. Pooling resources leads to a greater feeling of accountability and also helps to achieve certain milestones, such as buying a home and saving for retirement.