Kiplinger magazine, which focuses on personal finance, clearly thinks so.

The magazine named Minneapolis-St. Paul one of the best cities for married

First an apology. Add tax coverage to financial literacy month events and I’ve had precious little time for my blog.

Today’s the tax deadline and today was also the community forum about Minnesota financial education. So with both out of the way, I have time to share research from two Fidelity studies.

The first was released last month and speaks to the title of this post.

If Generation Xers continue to save a the rate they are today, they will be hit with a 46 percent pay cut when they retire. That’s steeper than the 38 percent drop expected for the boomers.
The boomers have about a 4.3 percent personal savings rate while the Gen Xers have a 2.9 percent rate, despite the fact that the two generation’s incomes are about $5,000 apart annually.

That doesn’t surprise me. Gen Xers are juggling more financial balls in the air. For dual income families, imagine the damage they can do to their 401(k) maximums once the kids are out of day care. Or once the students loans are paid. At least that’s where the money had better go, since fewer in this cohort (I love that wonky word) will see a pension.

Here’s the full study.

The second piece of research only interviews investors born before 1964. But for those of us who are younger, I think it serves as health food for thought.

About a third of couples had completely different answers about retirement age, lifestyle in retirement, and work in retirement. The study doesn’t appear to be posted yet but the press release is.
Some financial advisers have said they are seeing more divorce because couples don’t talk about life after work.
Just one out of four couples said they manage their money together. I wonder if this number is much lower than the number who would say they don’t manage money together but know their money management strategy or accounts.

After all, as we get busier and busier, it’s hard for families to sit down together and manage the money side by side. The laundry is one chore; money management another.

That said, there’s no time like now to start talking about money with your S.O.