Embark On Your Next Life Path Equipped With Knowledge About Your Financial Well-Being.
If remarriage is on your horizon, congratulations! It can be an exciting new adventure, as well as an opportunity to make key investment decisions alongside your spouse.
Remarriage is on the rise. Sixty-seven percent of previously married adults between the ages of 55-64 are remarried, up from 55 percent in 1960.1 People are living longer, and when they find the right partner again, they opt for matrimony.
Overall, women are less likely than men to remarry, with 64 percent of eligible men remarrying, compared to 52 percent of women. However, this 12-point gender gap was a 20-point gap in 1980, when only 46 percent of women had remarried, compared with 66 percent of eligible men.1
What’s this mean? Today’s women are embracing remarriage. But it’s a choice born of freedom: Women who remarry have presumably been solely responsible for their financial well-being—at least for a time. We learned from UBS’s “Own your worth” report, which features research data on women who have been divorced or widowed, that nine out of 10 women felt good about themselves as they made more financial decisions on their own.2
If you are planning to remarry right now or even in the distant future, here are four actions you should consider taking before you exchange your vows.
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