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Financial penalties may quell senior citizens’ desire to take a trip down the aisle
An increasing number of older Americans are cohabiting instead of marrying. A mosaic of financial-related, not always marriage-friendly rules may be largely responsible for keeping older singles from tying the knot. As New York Times writer Stanley Luxenberg puts it: “Americans have long been retreating from marriage. While more people of all ages are living together, the growth of unmarried couples is fastest among the older segment of the population. In 2010, 2.8 million people aged 50 and over cohabited, up from 1.2 million in 2000, according to the United States Census Bureau. For many, the decision to remain single is a matter of money…Read More