Online dating has unexpected influence on wealth gaps, research paper finds

From heartstrings to purse strings, online dating has changed the way we think about love and culture, but what if it's also changing the way we think about money?

A recent paper from researchers at the Federal Reserve Banks of Dallas and St. Louis and Haverford College found that online dating may have contributed to an uptick in income inequality in the U.S. over recent decades as an increasing number of people swipe left on potential mates who don't meet their criteria in select areas.

"Since the emergence of dating apps that allow people to look for a partner based on criteria including education, Americans have increasingly been marrying someone more like themselves. That accounts for about half of the rise in income inequality among households between 1980 and 2020," the researchers found, according to a report from Bloomberg.