Who’s more likely among men vs women to recommend a prenup to a couple getting married today? Find out.
Social stereotypes peg women as more romantic than men, but a new survey from Spectrem’s Millionaire Corner debunks prevailing attitudes about men vs women – at least when it comes to the not-so-sentimental subject of prenuptial agreements.
“Our results indicate that women are becoming increasingly savvy about their finances and aware of the risks that marriage can pose to their financial security,” said Catherine McBreen, president of Millionaire Corner. “Women are more likely than men to see a prenuptial agreement as a means to protect their assets and any children from a previous marriage.”
Women are significantly more likely than men to recommend a prenup to a couple getting married today, (62 percent vs 54 percent), respectively, according to our April survey. Women are also more likely to perceiving key advantages to prenuptial agreements, contracts entered into prior to marriage. Conversely men are more sensitive to the potential drawbacks of a prenup. Most Millionaires would recommend a prenup, but few have one.
Here’s a closer look at the attitudes of men vs women regarding prenuptial agreements:
· Protects assets: More than two-thirds (68 percent) of women vs 63 percent of men perceive prenups as offering the advantage of protecting assets accumulated prior to a marriage.
· Protect children: Close to half of women (49 percent) vs 45 percent of men indicate a prenuptial agreement can help protect children from a previous marriage.
· Money talk: More than half of women (51 percent) vs 46 percent of men say a prenup fosters a frank and open discussion about money.
· A smooth divorce: Men vs women are slightly more likely to believe a prenuptial agreement removes the motivation to marry for money (34 percent vs 31 percent, respectively). Men also have a higher tendency than women to indicate a prenup can make divorce proceedings go more smoothly (34 percent vs 31 percent).
· Negativity: Slightly more than half of men vs 41 percent of women believe a prenup introduces a negative feeling toward marriage. Forty percent of men vs 31 percent of women indicate a prenuptial agreement wrongly places an emphasis on money not love. Men vs women are also more likely to indicate that a prenup can deter a couple from getting married (21 percent vs 15 percent, respectively). Most high net worth investors also see a key drawback to prenups.
· No disadvantages: Two-in-four women cite the factor, “I don’t feel there are any disadvantages to a prenuptial agreement.” Roughly one-fourth of men (27 percent) feel the same way. The romantic streak appears to be stronger among men vs women – at least when it comes to prenups.