Thinking of getting married? Instead of popping “the question,” you might want to consider popping these three questions:
- If the chance of getting a disease is 10 percent, how many people out of 1,000 would be expected to get the disease?
- If five people all have the winning numbers in the lottery and the prize is $2 million, how much will each of them get?
- Let’s say you have $200 in a savings account. The account earns 10 percent interest per year. How much would you have in the account at the end of two years?
A newly released study finds that middle-aged couples who both answered those three questions accurately had an average family wealth of $1.7 million.
In marriages where neither spouse could answer any of those questions correctly, the average household wealth was just $200,000.
The study was conducted by researchers at RAND Corp., the University of Southern California and the University of Michigan. It used a sample of married couples from the Health and Retirement Survey, a national survey of Americans who are at least 50 years old that is funded by the National Institute on Aging.
The results were published in this month’s editions of the Economic Journal.
In case you’re curious, the answers are: