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The odds are very high that at least one of you will be single at some point in the future, either due to death or divorce. An ohio state study found that wealth drops 77 % after a divorce and it's generally worse for women. When a spouse passes away, household income can drop 50% yet expenses drop just 20-30%. So here's what you should do now to make sure that you and your spouse are ared for a possible future of singlehood. It starts with each person being capable of being financially independent. That includes both knowing how to manage the household finances,. Both having their own solid credit score and both having an ability to earn an income if necessary.
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AI-powered
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode