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When it comes to money and marriage, young women are more likely to know about and manage a couple's finances. According to a new national survey* by FindLaw.com, the most popular legal information website, married women between the ages of 18 and 34 are the most likely among married people to play a significant role in managing the couple's finances, and less likely to squabble with their spouses about money.
"We found that younger women, in many ways, are the most money-savvy among married couples," said Stephanie Rahlfs, an attorney and editor with FindLaw.com. "We sought to understand how couples manage their money, how much they fight about money, and how much they know about their financial situation. Younger women are the most likely - among men or women of all ages - to take on responsibility for understanding and managing the household finances, and do it without fighting about money issues."
"Money and marriage are inevitably intertwined," said Rahlfs. "Property rights, joint responsibilities and obligations, and legal benefits are as much a part of marriage as vows and wedding rings. How much couples know about their finances and how they decide to manage their money are important issues as couples go through their married life together. Whether married or about to get married, couples should understand the legal and financial aspects of marriage."
FindLaw.com has free helpful information on topics such as marriage, adoption and divorce, including a fiance(e) and newlywed financial checklist, guide to adopting a child, and factors to consider in dividing property in a divorce.
*The FindLaw.com survey was conducted using a demographically balanced telephone survey of 1,000 American adults and has a margin of error of plus-or-minus three percent.