Do People Save More After They Marry?

IB#19-7

The brief’s key findings are:

  • The question is whether people getting married later has any effect on retirement saving.
  • The analysis focuses on individuals’ contributions to a 401(k) plan before and after marriage.
  • The results show that marriage is associated with higher participation and contribution rates for both men and women.
  • These effects are relatively modest, however, so the impact on retirement wealth from delaying marriage is likely to be small.

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