Two-thirds of women and half of men willing to marry for money

[w¡n9Nµ7 §£@¥€r 123]

With the wealth boom creating unprecedented riches -- and greater opportunities for gold-digging by both genders -- price-tag partnerships and checkbook breakups are increasingly making headlines. Even more surprising, according to a new survey, are the going rates for today's mercenary unions.

Celebrities get the most attention, of course, whether it's Kevin Federline, the backup dancer-turned-millionaire ex of Britney Spears, or Heather Mills, Paul McCartney's estranged second wife, who is set to receive tens of millions of dollars when her divorce is final, according to the British press.

Yet even among the workaday (or wannabe) wealthy, marrying for money has become a popular pursuit. In an infamous personal ad posted on Craigslist this summer, a twentysomething New Yorker who described herself as "spectacularly beautiful" wrote that she was looking for a man who made at least $500,000 a year. She'd tried dating men earning $250,000, but that wasn't "getting me to Central Park West," she said. The ad inspired all manner of parodies and follow-ups, including one by an investment banker, who replied that since his money would grow over time but her beauty would fade, the offer didn't make good business sense. She was, he said, a "depreciating asset."

To many New Yorkers, jaded by multimillion-dollar condos and wall-to-wall wealth, the salary request probably seems reasonable, maybe even low. Yet nationally, the going rate is much lower.

According to a survey by Prince & Associates, a Connecticut-based wealth-research firm, the average "price" that men and women demand to marry for money these days is $1.5 million.

The survey polled 1,134 people nationwide with incomes ranging between $30,000 to $60,000 (squarely in the median range for nationwide incomes). The survey asked: "How willing are you to marry an average-looking person that you liked, if they had money?"

Fully two-thirds of women and half of the men said they were "very" or "extremely" willing to marry for money. The answers varied by age: Women in their 30s were the most likely to say they would marry for money (74%) while men in their 20s were the least likely (41%).

"I'm a little shocked at the numbers," says Pamela Smock, a sociologist at the University of Michigan who has studied marriage and money. "It's kind of against the notion of love and soul mates and the main motivations to marry in our culture."

...

The matrimonial price tag varies by gender and age. Asked how much a potential spouse would need to have to be money-marriage material, women in their 20s said $2.5 million. The going rate fell to $1.1 million for women in their 30s, and rose again to $2.2 million for women in their 40s. Ms. Smock and Russ Alan Prince, Prince & Associate's founder, both attribute the fluctuation to the assumption that thirty-something women feel more pressure to get married than women in their 20s, so they are willing to lower the price. By their 40s, women are more comfortable being independent, so they're willing to hold out for more cash.

...

Whatever the case, the prices for both men and women seem surprisingly low, given the new landscape of wealth. While $1 million or $2 million may sound like a lot to people making $30,000, it's hardly enough to transform someone's life or make them "rich" by contemporary billionaire standards. No one in the survey quoted a price of more than $3 million.

Of course, when the mercenary marriage proves disappointing, there's always divorce. Among the women in their twenties who said they would marry for money, 71% said they expected to get divorced -- the highest of any demographic. Only 27% of men in their 40s expected to divorce.

Says Mr. Prince: "For these women, it's just another step on their journey to the good life. They want to be paid what they think they're worth and then move on."

http://online.wsj.com/article/SB119760031991928727.html

[Nessa 23]

I guess I'm old fashioned. Marry for love is the way to go

[*JG* 2]

I'd love to marry for money. Unfortunately, no one I fall in love with has any.

[Ban Hammer 13,364]

this article just shows that almaty's hooker thread has a purpose

[LoriLawless 0]

I'd love to marry for money. Unfortunately, no one I fall in love with has any.

Exactly.

[almaty 19]

this article just shows that almaty's hooker thread has a purpose

\

damn straight ..it is an educated thread

[eric&gen 0]

I smell gold diggers lol.

[Empress of Groovy 373]

I knew a guy in Tucson who carried on an affair with a reportedly unattractive, much older woman for a laptop.

He did have a host of issues, but apparently it was a top-of-the-line laptop.

[w¡n9Nµ7 §£@¥€r 123]

I knew a guy in Tucson who carried on an affair with a reportedly unattractive, much older woman for a laptop.

He did have a host of issues, but apparently it was a top-of-the-line laptop.

The logic is undeniable.

[almaty 19]

i do not blame him..a laptop is worth..riding miss daisy

Edited December 14, 2007 by almaty

[trueimage 0]

i do not blame him..a laptop is worth..riding miss daisy

hehehe

[one...two...tree 2,762]

I knew a guy in Tucson who carried on an affair with a reportedly unattractive, much older woman for a laptop.

He did have a host of issues, but apparently it was a top-of-the-line laptop.

:lol:

love your album covers....they are classics.

Edited December 14, 2007 by Mister Fancypants

[Kazan' Tiger 1]

I need to have love in a marriage. Otherwise, it's just another job.

[mawilson 2,133]

She'd tried dating men earning $250,000, but that wasn't "getting me to Central Park West," she said.

Sadly true.