Millennial Marriages

According to research, nearly 70 percent of the miillenial generation wants to be married but cannot afford it.

Members of the miillenial generation — Americans born after 1980 and before 2000 — are much less likely to be married by age 32 compared to previous generations. Research shows that only 26 percent of Millennial are married by 32, compared to 36 percent for Gen X-ers, 48% of Baby Boomers and 60 percent of the members of the Silent Generation at the same age.

The marriage patterns of the millenial generation have a impact on American life because this giant cohort, which is estimated to be at least 80 million Americans, — is even larger than the Baby Boom generation, which has 75 million members.

Interestingly, researchers estimate that 69 percent of the unmarried millennial would like to be married but feel that they are lacking the financial foundation to make it a possibility.

Millennials as a cohort are more educated than previous generations: 34 percent of those 25 to 32 years old hold at least a bachelors degree, compared to 25percent for Gen X and 24 percent of Baby Boomers at the same age.

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