Marriage Premium

The "marriage premium" refers to the economic benefits often associated with being married, including higher income and greater wealth compared to single individuals. Studies show that married people tend to earn more money, possibly due to factors like shared financial responsibilities, increased emotional support, and motivation to succeed. Additionally, married couples may benefit from economies of scale, meaning they can pool resources and reduce costs. As a result, marriage can contribute to improved financial stability and overall economic well-being for both partners.