Marriage rates are steadily declining and forecasting firm Demographic Intelligences suggests it’ll continue as millennials choose to opt out of traditional relationships.
According to the Pew Research Center, the American marriage rate hit an all time low of 50.3 percent in 2013, down from 50.5 percent the previous year. A drastic change from the 1960s, when 72.2 percent of Americans married.
Why the change?
The meet-marry-buy-first-home-start-a-family formula is a thing of the past now that more millennials are choosing to live at home longer. In 2012, 45 percent of 18- to 30-year-olds lived with older family members, up from the 39 percent in 1990 and 35 percent in 1980.
Another factor, young couples are opting to live together and put off marriage for later – if at all.
A Gallup poll released in June found that not only are fewer young people getting married, there are also fewer young people getting into serious relationships.
About a quarter of unmarried young adults (ages 25 to 34) are living with a partner, according to Pew Research analysis of Current Population Survey data. The median age at first marriage is now 27 for women and 29 for men — up from 20 for women and 23 for men in 1960.
Millennials are changing the rules to marriage. Is that such a bad thing?
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