In general, married couples are more likely to pool their income than are cohabiters; parents are more likely to income-pool than non-parents; and male-breadwinner/female-homemaker couples are more likely to income-pool than dual-earner couples (Hamplova and Le Bourdais 2009; Treas 1993; Vogler, Brockmann, and Wiggins 2006).Values matter, too: Couples who practice , fostering independence rather than collectivism, are more likely to keep money separate (Lauer and Yodanis 2011). Financial equality in intimate relationships can be alternatively conceptualized as “equal inputs” or as “equal outputs” (Hamplova and Le Bourdais 2009; Vogler, Clare, and Wiggins 2008).Overlapping inequalities in income and wealth, family stability, and education are driving in a large, and growing, opportunity gap.Narrowing that divide is an important goal for public policy.But who gets to spend more on discretionary purchases if one spouse makes ,000 a year, while the other makes ,000?Can each spouse still respect and love the other, without fostering feelings of guilt and resentment? Income inequality in marriages, while common, unfortunately causes unnecessary tension in many relationships.When the time is right, set time aside to discuss your finances.We aren’t talking about handing over a detailed list of assets here.
Both spouses work hard for their money, and enjoy spending their discretionary income.
Although many issues may arise from income inequality in marriage, we’ve listed some of the more common ones here, all of which are fixable or preventable:1.
Guilt As a stay-at-home mom, this is an issue that we deal with often in our home.
It is important to keep a sharp distinction here between description and prescription.
The trends being described are the result of millions of private decisions, and of broader social and cultural changes in the roles and life chances of women and men, the function of marriage, the nature of courtship and mating (especially in an era of online dating), and so on.