Diversified Thinking
A great deal of research documents that married people are financially better off than singles. Apart from having a lower tax rate for “married, filing jointly,” married people enjoy other advantages: pooled living expenses, shared shelter, greater employment benefits, lower insurance rates, and so on. But one significant advantage is psychological. What I mean is this: in most relationships one partner tends to think long-term and the other short-term. Long-term thinking entails planning for retirement or saving for education; short-term thinking involves investment opportunities [...]