Are teetering on the fence about getting hitched? Well, USA Today says getting married is good for your bank account! These days, there’s a lot less pressure on couples to get married and some spend a lifetime together and never say “I do.” But research shows there are a lot of upsides to tying the knot, including that married folks live longer, healthier, happier lives.
On top of that, there are a lot of financial benefits to being married, including these.
- You can save money on housing. If you’re living separately, moving in with your beloved will help you spend less. You can split rent or mortgage payments when you share a home. You’ll also pay less for home insurance, property taxes, repairs and upkeep. You only having to pay for utilities, Internet and food for one residence.
- You can save on health insurance. Being included on your spouse’s health insurance plan can save you money.
- You can save money on taxes. When it comes to income taxes, many couples find it makes the most sense to file a joint tax return. Married people can qualify for higher income thresholds, tax deductions and tax credits.
- You can save more in certain retirement accounts. If you’re married without earned income, you can still contribute to a spousal IRA, which lets you fund an IRA with contributions from your spouse’s income.
- It can be easier to borrow money. If your spouse’s credit score is higher than yours, you can qualify for better deals if they co-sign your application. And if you marry someone who increases your joint income without increasing your total debt, you’ll be in a better position to qualify for a loan than you would have on your own.
- You can save on car insurance. Car insurance policies typically charge lower premiums to married folks and some offer multi-car or multi-policy discounts.
What’s the Divorce Rates for North and South Carolina?
We may be in the season of love, but sometimes things have to come to an end as well. For whatever reason, that may be, divorce is a thing. Whether things are mutual or stressful, divorce rates can vary from situation to situation. But also, from state to state. Ever wondered if you're in a state that has a high or low divorce rate? Well, some of these results might interest you just a little bit.
World Population Review is discussing the states with the best and worst divorce rates. As much as marriage may be common nowadays, so is divorce. Many people will go through a divorce and remarry a few more times after that. Trust me, I know a few people with multiple marriages under their belt. According to World Population Review, between 35%-50% of first-time marriages end in divorce. But, which states have a higher (and lower) divorce rate? For 2023, both states have a percentage that equals out when it comes to a divorce rate. Check out the information below and tell us what you think when it comes to North and South Carolina.
South Carolina
South Carolina has a divorce rate of about 10.7% for 2023. This is in the upper portion of states leaning more towards a higher divorce rate. I know, you may not think that is pretty high but it also depends on how many people are being factored into the number of marriages as well.
North Carolina
Guess what? The Carolinas are tied when it comes to their divorce rates. North Carolina also stands at 10.7%. Did you know that last year North Carolina was in the top 15 states with the highest divorce rates? Sometimes marriage just is not for everyone, but that does not mean that marriage does not work either.
Factors That Influence Divorce Rates
Divorce rates can have many different factors varying from situation to situation. One of the most obvious and top ones is age. People get married so young and sometimes before they have discovered themself leading them to not be happy in a few years. The average age for couples going through their first divorce is 30 years old. Did you know that couples married between the ages of 20-25 are 60% likely to get a divorce? Couples that wait until after the age of 25 to get married actually are 24% less likely to get divorced.
