Study: Wed to boost wealth

WASHINGTON (AP) -- Marrying for money, it turns out, works.
A study by an Ohio State University researcher shows that a person who marries -- and stays married -- accumulates nearly twice as much personal wealth as a person who is single or divorced.
And for those who divorce, it's a bit more expensive than giving up half of everything they own. They lose, on average, three-fourths of their personal net worth.
"Getting married for a few years and then getting divorced is clearly not the path to financial independence," said Jay Zagorsky, whose study divided married couples' assets so they could be compared with singles.
About the study
Zagorsky, a research scientist at OSU's Center for Human Resource Research, tracked the wealth and marital status of 9,055 people from 1985 to 2000. Those people have been participating in the National Longitudinal Survey of Youth, which has repeatedly interviewed them about various aspects of their lives since 1979.
The participants are now 41 to 49 years old, making them the youngest of the baby boomers.
Zagorsky cautioned that results could be different for older and younger Americans, who have faced different attitudes about marriage, divorce and living together without marriage.