Marriage can be one of the most exciting events in a person’s life. With the time and commitment put into the relationship, it is a relief to see everything pay off after each spouse exchanges vows. Even though many couples plan to get married every year, the number of marriages has dropped significantly for many reasons. The fear of potentially filing for divorce could be a big factor as well, but many millennials are not ready to settle down or are financially prepared, among other reasons.
Factors in the Decline in Marriage Rates
Research has shown that individuals who are pushing back the idea of getting married do so for the following reasons:
They are not ready to settle down into a committed relationship;They believe they are too young;They are not financially prepared; andThey have not found what they are looking for in an ideal relationship.
In today’s society, the majority of millennials are either getting married later or not getting married at all. In the 2010’s, as many as 20 percent of individuals older than 25 have not married, in comparison to only nine percent of the same demographic in the 1960’s. Over the past several years, more women have entered the job market and have focused solely on their careers.
As many as 30 percent of individuals decide to not get married due to the idea that they have not found the right person yet. Another 27 percent of individuals do not believe that they are financially stable enough to take on a huge cost for their wedding and other expenses. Lastly, 22 percent of individuals decide to hold back on getting married because they do not feel as if they are ready to settle down.
When planning a marriage, most women would like their potential husband to be financially secure and to have the ability to help raise their children. In the 1960’s, as many as 93 percent of men between the ages of 25 and 34 were employed. In the 2010’s, however, 82 percent of men in the same age group were employed. Due to the drastic change in the economy, the attitude on marriage has changed significantly.
Call a San Jose Marriage Law Attorney
If you or a loved one is planning a marriage and has questions regarding legal the legal aspects of getting married, it is in your best interest to consult effective legal representation. At Dominion Law Group, LLP, we understand marriage law, and we will go above and beyond to answer your questions regarding such matters. To schedule a free initial consultation, please call a Santa Clara County prenuptial agreement lawyer at 408-288-5592 to get the assistance you deserve.