The pros and cons of keeping separate bank accounts as a married couple

You vowed till death do us part at the altar — but does that have to extend to your money, too? Not necessarily.Increasingly, many married couples are opting to keep their finances separate, at least to some extent. “Between 1996 and 2023, the share of married homeowners with financial assets who held at least one joint account, such as a checking or savings account, dropped from 85% to 77%,” said The Washington Post, citing Census Bureau data. Instead, “couples are opting for individual accounts alongside or instead of shared ones.”

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