If you haven’t had a chance to check it out, there is a great article at the Wall Street Journal’s Real Time Economics blog. Evidently the latest research on why America is becoming increasing unequal says inequality is partly because of intermarriage among the rich. That is to say, billionaires and millionaires marry each other instead of common folk, resulting in even richer billionaires and millionaires.
It’s an interesting idea. What is definitely known is that marriage tends to increase wealth and visa versa, that wealth increases your chances of marriage. So if you’re single and looking for an actionable plan to increase your bottom line, consider getting some money and finding financially promising partner.
Here is an excerpt from the Article:
The paper, “Marry Your Like: Assortative Mating and Income Inequality,” finds that the rise of women in the workforce and a growing tendency to find a partner from a similar educational and professional background is exacerbating income trends.
The upshot: The rich are getting richer. In 1960, a household in the top 10% earned about three-and-a-half times the mean U.S. income. In 2005, that had jumped to more than four times the mean. For the bottom 10%, the situation has deteriorated. In 1960, such a household earned 16% of mean income. By 2005, that was down to 8%.
For the article click here.
Here is a link to the articles source research.