Marriage Rates Declining for Younger Generations
Over the past several decades, marriage rates have been slowly on the decline. Now, less people are getting married, according to the Pew Research Center. Back in 1960, 65% of people age 18 to 32 were married. In 2013, this number dropped to just 26% in the same age group.
What’s the difference? More couples are living together before marriage than in the 60s. Acceptance of couples living together is also much higher now than in the past. It is also more socially accepted that a person is unmarried at an older age now than in the past, which is making it easier for millennials to stay single – or unmarried – later on in life.
Experts also suggest that life is merely different now than in past decades. The biggest burden among youths is high debts. Many millennials have overwhelming student loan debts and do not want to put their financial burden on another person. When it comes to the rising costs of weddings, many youths dismiss the idea.
CNN has reported that 42 million people in the United States have been married more than once. This leads to many unmarried people being the product of unhappy marriages where their parents were divorced. According to New Jersey Divorce Attorney Brad Micklin (via social media site Avvo) this is something they themselves do not want to experience.
Many couples are also having children despite not being married. This allows for the family atmosphere without the financial worries that many experience. However, people that are starting families and are in a committed relationship and not married still need to look toward the future.
If a partner dies without their being in a legal marriage, a will should be in place to transfer assets appropriately. This is a must for any couple that plans to not get married and remains together. Otherwise, there will be little legal recourse in the event that a partner dies.