By Milcah Tanimu
As many countries face a decline in marriage rates and its impact on economic growth, some governments have introduced financial incentives to encourage more people to marry. Here are three nations where getting married can come with monetary benefits:
1. Japan
In Japan, newlywed couples can receive financial assistance of up to 600,000 yen (approximately $5,700) through the municipality’s newlywed support program. This aid helps cover rent and other living expenses, aiming to bolster marriage rates and support young couples starting their lives together.
2. Hungary
Hungary offers a substantial financial incentive for marriage. Couples who marry before the bride turns 41 can access subsidized loans of up to 10 million forints (about $33,000). Moreover, if the couple has three children, they are not required to repay the loan, significantly easing their financial burden.
3. South Korea
South Korea, facing a notable drop in marriage rates, has introduced a pilot program offering financial rewards ranging from $64,000 to $85,000 to couples who marry. If successful, this program might be expanded in 2025 to include international residents working or living in the country. The initiative reflects efforts to address the low marriage rates and the associated demographic challenges.
These programs highlight how governments are using financial incentives to counteract declining marriage rates and support economic stability.
