MarriageMarriage Rates Down: Less Couples Wed Due to Economy?

October 1, 2010

Consistent with the rise in pre-nuptial agreements with the economy faltering, the marriage rate is down.

The New York Times is reporting that:

  A long-term decline in marriage accelerated during the severe recession, according to new data from the Census Bureau, with more couples postponing marriage and often choosing to cohabit without tying the knot.

According to the federal data, the share of young adults who have never married climbed from 35 percent at the start of the decade to 46 percent in 2009.      While the rate of marriage is down, it appears more people are cohabiting.

Why cohabitation instead of marriage?   I suppose cohabitation allows couples to enjoy the social, economic and other benefits of marriage, without the associated costs.  As one interviewee expressed, “Yeah, it definitely takes money to get married . . . being married probably means eventually buying a house and having kids, right?”

https://clementlaw.com/wp-content/uploads/2022/02/clement-law-logo-white.png
112 Madison Avenue, 8th Floor New York, New York 10016
(212) 683-9551
info@clementlaw.com

FREE CONSULTATION

ATTORNEY ADVERTISING. Prior results do not guarantee a similar outcome.

© 2022 Law Office of Daniel Clement.

The information contained in this website has been provided for general informational purposes only and DOES NOT constitute legal advice; there is no warranty on this information and it does not in any way constitute an attorney-client relationship. Prior results do not guarantee a similar outcome. All individuals are encouraged to seek independent counsel for advice regarding their specific situation and facts. 

THIS SITE SHOULD NOT BE USED AS A SUBSTITUTE FOR COMPETENT AND INDEPENDENT LEGAL ADVICE.

Further, e-mails or other correspondence with any member of this firm does not create an attorney-client relationship without the explicit written agreement between the parties