By MoneySense Staff on January 20, 2010 Estimated reading time: 1 minute
Many wives are outearning their husbands
By MoneySense Staff on January 20, 2010 Estimated reading time: 1 minute
Men can make a living by marrying rich.
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Here’s one way for out-of-work men to make a living — marry rich. Turns out a number of guys are doing just that, wedding older, wealthier women.
A Pew Research Center study revealed that 22% of wives make more money than their husbands, while 28% are more educated. That’s a big shift from 1970, when just 4% of women brought home more bacon than their spouse.
Vera Cohn, co-author of the study says marrying a higher income earner is giving many men a stable economic future. “Now with so many women working and achieving higher income, it’s increasingly a way for men to achieve economic security,” she says. “In that way, the genders are a little more similar than they were a few decades ago.”