For the past 10 years, the world of finance has found its way into more aspects of our lives, from our homes and retirements to our milk and gas prices. It also crept into relationships and marriages.Wealthy couples will almost always deny any wealth effect in their relationships. When the 30-year-old blonde says she married her 60-year-old husband for love (and not the $300,000-a-year “personal budget”) you know there likely is more to the story. Even longtime couples I met for “Richistan” often had agreements and deals related to money, whether it involved post-nups to required funds for pet philanthropy projects. It’s naive to believe money doesn’t play a role in every relationship, even if that role is small.
Anna Nicole Smith
The question now is what happens when the world of finance retreats? Do mercenary marriages unravel or become closer?
By Robert Franks, Jan 14, 2009, WSJ The Wealth Report
Link to article
One scenario is that more money-infused marriages will collapse because the wife or husband who was in it for the money now has less of it. This was seen in an amusing quote in a New York Times article by Peg Tyre, from a mom in Manhattan’s trendy Tribeca neighborhood. This women, who is married, at least for now, to a Wall Street executive, put it rather bluntly:
“My job was to run the household and the children’s lives,” she said. “His job is to provide us with a nice lifestyle.”But his bonus has disappeared, and his annual pay has dropped to $150,000 from $800,000 a year. “Let me just say this,” she said, “I’m still doing my job.”