Research has shown it is more financially advantageous to be married than single, as has almost always been the case. But the money gap between young married couples and singles has considerably widened due to inflation and rising home prices.
According to the most recent data from the Federal Reserve Bank of St. Louis, the median net worth of married couples 25 to 34 years old was nearly nine times as much as the median net worth of single households in 2019. In 2010, married households’ median net worth was four times as much.
Economists at the Fed and elsewhere say after the rise in inflation and more than two years of pandemic living, single people are getting left further behind.
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