Reported 18 days ago
Census Bureau data reveals that 23% of married couples in the U.S. do not have joint bank accounts, an increase from 15% in 1996. This trend is attributed to couples marrying later in life and the fact that longer marriages tend to have joint accounts. While joint accounts can enhance transparency and trust, separate accounts allow for personal financial autonomy. Ultimately, communication about finances is key for couples, regardless of how their accounts are structured.
Source: YAHOO