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Gain and Loss: Marriage and Wealth Changes Over Time
by Julie Zissimopoulos
WP 2009-213
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- Married people over age 50 save more out of their lifetime earnings than remarried, divorced, widowed or partnered individuals.
- Changes in wealth at older ages is similar for married couples and single men that do not change marital status, but divorced and widowed women save less.
- Individuals who divorce experience a loss of wealth two to four years before the divorce and during the divorce and wealth recovery from increased savings after divorce.
- Divorced individuals that remarry accumulate wealth at higher rates than those that remain divorced.
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