A recent Pew Research analysis found that one in five adults in the U.S. (about 42 million people) has never been married. That’s the highest fraction since such data has been recorded and more than twice the level of non-marrieds in the 1970s. The average age for a first-marriage for American men is now 29 and for women, 27. Today, only a quarter (26%) of those aged 18-32 are married, compared to almost half (48%) of that age group in the baby-boomer generation. According to Pew Research, two-thirds of 18-29 year-olds in the U.S. agree that “society is just as well off if people have priorities other than marriage and children”, compared to a minority of those over the age of 50 agreeing with that statement. Rates and acceptance of cohabitation among younger Americans has soared in the last two decades, while marriage rates steadily fall. Pew Research projects that one in four young Americans will never get married.
David A. Pace, CFA
Note: These comments and articles are for informational purposes only. Nothing in these articles are meant to provide specific investment advice and are not a substitute for professional advice from a qualified adviser. Since every investor's investment and personal circumstances are unique, he or she should always enlist the help of a competent and trustworthy professional in addressing their financial needs.