What Saying "I Do" Means For Your Wallet

Illustrated by Elliot Salazar.
By Farnoosh Torabi

History tells us that marriage was primarily used for economic reasons — a bride was "given away" by her family in addition to some form of dowry or a groom's family would "buy" a bride from her own, with the hopes that she'd not only bear children, but take on the role of the housewife, as well. If a deep and loving connection formed over time — that was just a bonus.

Over the years, marriage has evolved into a consensual union of two people who are in love above all else. Let's not pretend that marriage no longer has economic implications, though. There's a laundry list of financial pros and cons that come with tying the knot instead of living the single life or continuing as partners without a contract from City Hall. Consider the following before you take your bride or groom to be — they're definitely worth a second look.

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