Married men, rejoice! Studies show men who have jumped the broom earn more income than single men,
CBS News report.
New research from the St. Louis Fed reveals that the old
ball and chain has benefits far beyond love, partnership, and a consistent bed partner.
But of course, research can indicate correlation, not necessarily causation. Research officer Guillaume Vandenbroucke, said of the findings, “It might be that men with higher wages are more likely to marry; therefore, the average married man earns a higher wage than the average single man,” he added.
The report found that married men earned an average of $86,502 a year, with single men of the same age, 47, earning $49,288 a year.
“This suggests that the institution of marriage continues to boost men’s commitment to work and the individual economic success they enjoy,” the study reports.
Prior research has titled this uptick in financial ambition as “the marriage effect.” This theory claims the bonds of marriage give men motivation to work and support their families.
Washington Post suggests a couple reasons why marriage is a financial benefit for men, regardless of color lines.
- Married men assume a new identity: This theory explains that the added weight of family responsibility may help position men in a different social standing.
- Research also suggests that married men are more likely to go after high-paying jobs than single men.
- Findings also suggest that men receive beneficial advice from their wives that add to their careers.
- There is also research that indicates employers give hiring preference to married men.
With all these findings, it’s clear that there is some link between forever commitment and financial success for men. Whether it’s the added provider pressure or a biological urge to do more for the family, there are definitely some financial gains to putting a ring on it.
Study Shows Married Men Make More Money Than Any Other Group In The U.S.