Every generation in America brings about new lifestyles and traditions. The way grandchildren live compared to their grandparents is often radically different. The same can be said for the way millennials approach marriage today. Gone are the ideas of marriage in the 1950s that involved a working father, stay-at-home mom, and a nuclear family. What’s new about nuptials?
There is a widely repeated statistic that says 50 percent of marriages end in divorce. This notion is still generally true today, but it could soon change as Millennials enter into marriage and go through the divorce process. The numbers aren’t solid yet, but the divorce rate among millennials appears to be declining. The high divorce rate among Baby Boomers and Generation X has led to an attitude change among their children, half of whom saw their parents’ marriages end.
Millennials value education, stability and individual rights
Millennials are the most educated generation in American history, which has created more social equality among the sexes. A high rate of education has also created more personal debt, which means Millennials have fewer assets.
In turn, young men and women are more focused on careers instead of settling down and are waiting longer to get married. A career-focused, self-sustaining mindset has also led to young people valuing individuality over social partnerships.
Attitudes and assets
Millennials who experienced divorce as children when their parents split up often have different attitudes toward divorce. Some see divorce with less of a social stigma while others who saw the ugly side of a split are probably less likely to divorce, especially when children are involved.
Because Millennials have fewer assets in their 20s and 30s than their parents, divorce is often easier. Millennials can start over and recover financially after a short marriage. While divorce may be easier both socially and economically, there are certain legal protections millennials should not overlook when considering marriage or divorce.
Prenups and co-parenting come to play
Millennials are more self-established when entering marriage. Therefore, a prenuptial agreement may be worth considering for those who own property whether it is physical, digital, or intellectual. New attitudes on how to raise children can also lead to unique co-parenting agreements.
Marital attitudes are changing due to technology, debt and individuality. Social shifts can be both liberating and frightening to young people going through a significant life change like marriage or divorce. As lifestyles and social attitudes change, millennials in a marital mindset can continue to rely on the experience of a local family law attorney.