The paths of economic recovery are often traversed with understandable caution. Although 2011 is promising to continue the positive trends in employment and job creation displayed at the close of 2010, there is still and underlying sense of apprehension amongst consumers and households. With this is mind, it is logical that many citizens and family units within the US are still keen to make financial savings where possible and also secure the best possible value for their hard earned money.
It should not necessarily follow that those in a relationship would be best placed to make financial savings, but the course of union can boast many economic benefits. From the pooling of income and resources to a diverse combination of money making skill sets, a romantic coalition or family unit may well be able to strive towards a shared goal or aspiration. As well as the benefits of boasting a wider strength and range of skills, tax legislation and legal documentation is often designed to support the concept of marriage in the US.
The Financial Truth for Married Couples
There is much consternation about the financial benefits of marriage, and the marriage penalty that was first implemented in 1969 has caused many to believe that marriage or union is conducive only to financial loss. However, the fact remains that even before the government introduced legislation to tackle the effects of the marriage penalty in 2001, there are statistics to suggest that couples were still in a more favorable financial position than those of a single disposition.