Millennials’ Divorce Rate in the U.S.
According to the World Economic Forum, millennials—Americans below 45 years old — are staying married more often than other generations. Consequently, the national divorce rate dropped by 18% between 2008 and 2016.
The millennials’ low divorce rate moves away from the higher divorce rate of the “baby boomers.” Interestingly, baby boomers continue to divorce into their 60s and 70s. Most millennials are getting married later and are more likely to be highly educated, which lays a solid foundation for lasting marriages.
What’s more, less educated and poorer citizens are opting not to get married at all. Some opt to cohabit and raise the kids together instead of tying the knot.
No matter how old you might be, if you’re contemplating terminating your marriage, an Aurora divorce attorney can navigate the process for you and protect your future.
Reasons Behind the Falling Divorce Rate
Generally, finances play a significant role in the stability and suitability of a marriage. Sustained economic stress and financial strain predictably result in less stable and volatile marriages.
Millennials Are Avoiding or Delaying Marriage
Here’s why some millennials are avoiding or delaying marriage:
- Cost of Divorce: Financially unstable millennials prefer to cohabit for longer periods before tying the knot. Many have experienced divorce and its costs in their childhoods. Staying unmarried is, therefore, a strategic move to avoid divorce-related expenses and stress.
- Prioritizing Financial Success: Millennials who’ve not obtained financial stability prioritize paying student debts and securing a stable income before getting married. Such stability can increase the strength of a marriage when it finally occurs.
Many millennials consider delayed marriages to generate more wealth. Coincidentally, most millennials sign prenups before tying the knot to secure their assets in case of divorce.
Marrying Late Is Sustaining Millennial Unions
Most baby boomers who tied the knot in their early twenties continue to divorce at a high rate. On the contrary, millennials who marry later in life positively contribute to the lowering divorce rate.
Here are a few positive benefits of marrying late:
- Highly experienced in life: Marrying late gives couples more time to meet different people in their careers, business, and social circles. As a result, older couples enter into the marriage more maturely and know what they want. In addition, the brain continues development into the mid-twenties, and a later marriage increases mental stability for some.
- Stronger bond: Some couples date for an extended period, which affords them an opportunity to fully know each other. A thorough understanding of the partners’ likes, dislikes, and personality is the foundation of a stronger, long-lasting relationship.
While this generation has a lower divorce rate, divorce cases certainly happen. People of any age should seek legal help when considering a divorce.
Speak to an Experienced Aurora Divorce Attorney
Irrespective of the age group, divorce is a complex process that deserves care and attention. Proper representation ensures the couple and children are well protected. It’s essential to work with an experienced divorce attorney from CNL Law Firm. Contact us online or call us at 720-370-2171 for a free consultation.
