Are Millennial Marriages More Divorce-Proof?
No doubt, marriage is risky, but it’s still, by definition, a ‘forever institution’. While experts have long debated the doomsday ’40-50% of marriages end in divorce stat’ , the fact is divorce rates are going down in the US.
While the news is a bit rosier for Americans, in general, Millennials may actually have a better built-in shot at divorce-proofing their marriages than other groups simply because of their views on marriage, and the reason we unhitch in the first place.
1. Age Before Marriage
How old you are when you put a ring on it counts! Researchers at Utah State found that the younger you are when you pair up with a lifelong partner, the more likely you are to fail over the long haul. The youngsters here need to grow up together to bond for life and, unfortunately, too many just grow apart. Millennials sort of have a leg up because they are getting married later than their parents, and much later than their grandparents. While the so-called Post-War “Silent Generation” of the 50s and 60s got married before they even got out of college (if they went to college), Millennials aren’t sealing the deal until they are 27-29 on average.
2. Quite the Education
Maybe they are getting married later because they are spending so much time getting educated, or maybe their education is making Millennials smart enough to put the brakes on getting married too early. Either way, Generation Y is on track to be the most educated in history.
3. Money Matters
Part of the reason so many Millennials have stayed in school and gotten so well educated may be, in part, because of the “Great Recession” and its fallout. Jobs were tough to come by in the late 2000s early 2010s, although the situation is thankfully improving. Millennials are standouts for employers in many ways, though, known for their creativity, resourcefulness and “out-of-the-box” thinking. They are getting jobs, with their current median household income just over $61,000. Research shows that is a pretty healthy start in terms of lowering the financial stress for a new marriage. Finances are always among the biggie fight topics, so if a couple is in the black, they are most likely on track.