Divorce Rates Drop For Younger Generation Couples

September 28, 2018

There may be some tough times for divorce lawyers in the coming years as new data show younger couples are staying married longer than their parents. Analysis over the past 18 years has found the U.S. divorce rate that dropped 18% from 2008 to 2016. New data show younger couples are approaching relationships very differently from baby boomers, who married young, divorced, remarried. Generation X and especially millennials are being pickier about who they marry and tying the knot at older ages when education, careers and finances are on track. Although the marriage rate has also fallen over the last several decades, the ratio of marriages of younger generations shows compared to divorce rates, at least for now, is still lower. Baby boomers continue to divorce at unusually high rates, even in their golden years with the divorce rate doubled for people aged 55 to 64, and even tripled for Americans 65 and older compared to their offspring.  Fewer people are getting married, and those who do are the sort of people who are least likely to get divorced. Marriage is becoming a more durable, but far more exclusive, institution.

SOURCE: Bloomberg

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