According to research, millennial marriages are far more likely to last than those of their parents, the boomers. Young peoples divorce rate is low, which many attribute to the fact that younger people are waiting longer to tie the knot, often after they have earned a college degree.
Maturity and financial stability are key components to a happier, longer-lasting marriage according to the research. Compared to couples who enter marriage with less education and fewer financial prospects, millennials that take the time to select a partner who shares their goals, and have a level of financial security when they enter into marriage, are less likely to divorce.
Of course, another factor of the low divorce rate among millennials is that fewer are getting married in the first place. Marriage has become a somewhat exclusive institution with three quarters of those with a bachelor’s degree choosing to marry, compared to roughly fifty percent who have only a high school education.
Those who get married after earning a degree and realizing financial independence often do so because they want to, with the average age of marriage at 27 for women, 29 for men – a significant difference when compared to their parents. Many who wait tend to take a more collaborative approach to marriage, which seems to stand the test of time.
Ronald L. Bell has been resolving Family Law matters for his clients since 1980. When the results can affect your life, your children or your business, protect yourself by contacting a law firm with over 30 years of experience in family law at 847-495-6000.