Client Testimonials
Marriage Equals
More Happiness
More people are choosing to live
together rather than marry, but a
recent study found that long-term
happiness comes from “I do.”
A recent study published in the Journal
of Happiness Studies has found that
getting married has a big impact
on a couple’s long-term happiness.
Economists John Halliwell and Shawn
Grover analyzed the findings of two
longitudinal studies to answer the
questions of whether the happiness
after marriage is short-lived; whether
it’s marriage itself that causes
happiness; or whether happy people
were the ones more likely to get and
stay married in the first place.
The pair first looked at data from
a British Institute survey of 30,000
people over an 18-year period. People
of varying ages were asked the same
questions from 1991 to 2009 about
their lifestyles and moods, allowing
researchers to gather information on
their levels of happiness before and
after marriage.
Halliwell and Grover then looked at
data from a much bigger UK survey of
300,000 people between 2011 and
Say yes to marriage, and say yes to
happiness.
2013 related to anxieties, social lives,
and happiness.
It turns out, the happiness effect
of marriage is far from short-lived.
Married people are 10 percent
more satisfied than single people.
Cohabitating couples are only 75
percent as happy as marrieds. They
also found that marriage appears
to be of the greatest importance
in middle age, when many people
experience diminished well-being.
The quality of the marriage has a
big part to play. The foundation of a
married couple’s happiness appears
to be the bond they share and, say
the researchers, those who cited
their spouse as their best friend
experienced twice as much happiness
as those who didn’t.
Debt and
Retirement Equals
a Serious Problem
Debt is more acceptable these
days, but it is becoming a drag on
retirement, especially when the
unexpected happens.
According to new research by
Employee Benefit Research, more
households headed by someone 75
or older are in debt. The number for
whom debt is excessive – more than
40 percent of income – has increased
25 percent in the last 10 years. In fact,
50 percent of 75-plus households
have debt in housing or credit cards,
up from 31 percent in 2007.
Newly retired people or those nearing
retirement are more likely to have
debt than retirees in the 1990s,
dnaproclean.com
Retirement years will be a much happier
time if they’re spent debt free.
even though debt payments as a
percentage of income have declined.
According to Forbes, it is important to
get debt paid off when approaching
retirement. Unexpected problems
can cause serious financial woes
for new retirees. Health problems
after retirement or a job loss before
retirement can send people burdened
with debt into bankruptcy.
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The
Good Life
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we’d use them again.”
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Moneywise
Can credit card companies
lower your limit?
Credit card companies routinely offer
limit increases to entice more spending
among good customers but they are
just as likely to decrease the limit
when their creditworthiness suffers,
according to The Simple Dollar. When
a person applies for a credit card, the
issuer must ask permission to check
that person’s credit to make a decision.
Many people might not realize, however,
that The Fair Credit Reporting Act
allows them to continue to monitor that
credit into the future.
If a customer falls behind on the credit
card payments or even has issues
with other lenders that show up on a
credit report, the bank may choose to
mitigate the increased risk by lowering
the amount of money the customer is
allowed to borrow on credit. In addition
to cutting your access to more credit,
a reduced limit can have a further
negative impact on your credit score by
raising your credit utilization ratio if the
balance stays the same.