You really can’t put a price on love, but statistics show that the average wedding now costs $25,200 in the United States. The ceremony and all it’s perks come at a hefty price tag, but from a financial standpoint, marriage isn’t such a bad investment in and of itself.
Research shows that married people accumulate wealth much faster than single people, with individual net worth that is on average, 93% higher. The average couple can accumulate over $11,000 annually, while singles put away just $3,800. Statistics also show that couples with children are able to save more on average than single people.
As with any agreement between two people, staying together and making it work are the keys to success.
If you’re thinking of “taking the plunge” and need a little help along the way with expenses, contact SourceONE Credit Union. We have just the right loan products that can help reduce your stress level.