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39. How much income should you have before you marry?

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Articles In This Section:

· 39. How much income should you have before you marry?

· 40. What is your total prospective income?

· 41. If the wife continues to work after her marriage, what will you do with her income?

· 42. How high is the standard of living which each of you has become used to?

· 43. After you are married, who gets how much, and by what plan? - part 1

· 43. After you are married, who gets how much, and by what plan? - part 2

· 44. How much do you know about intelligent consumer buying?

· 45. How much of your own work will you do?

· 46. What will be your long-range policy on housing— rent, buy, or build?

· 47. What is your plan for life insurance?

· 48. Will the wife be employed outside the home after her marriage? - part 1

· 48. Will the wife be employed outside the home after her marriage? - part 2

· 49. Could homemaking and motherhood be a full-time career?

· 50. Have you faced the problem of having a vocation for the wife after the children have grown?

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To this question there is no one answer. It depends largely upon what you regard as necessary. Taking families the world over, more than half of them must live on less than four dollars a week, and four-fifths of them on less than ten dollars a week. Our American standard, while very much higher, is decidedly less than many people suppose.

To begin with, do not judge your prospects by the last ten years. The years 1935-36, well above the depths of the depression but before the abnormal prosperity of the war years, were much more like what you should expect. These are also the most recent years in which a careful study of family income has been made. The figures quoted are for whole families, many of which included several children. At this time, if you received as much as $1,500 a year, you were in the top third for the country. Fifty dollars a week put you in the top eight percent, and $5,000 a year made you a wealthy plutocrat in the top three percent. Because of higher prices and higher income, we might have to double these figures to find an equivalent for today. Yet even now, fifty dollars a week is more than most American families receive. These are general figures. Now let us consider your vocational and economic prospects.

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