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IPFS News Link • Marriage

Marriage Rates Are Near Their Lowest Levels In History — Here's Why

•, Christina Sterbenz
The descent is even more pronounced for millennials. In 1960, a little over two-thirds (68%) of all 20-somethings were married. In 2008, just 26% were hitched, according to the Pew Research Center

So what's keeping people from tying the knot?

1. The Recession
The economic shock of the recession put marriage on the back burner for many young adults, according to a 2014 study from the Urban Institute.
The Urban Institute looked at millennials' age-specific marriage rates and projected that, if the post-recession rate continues, the number of millennials who marry by age 40 could drop at least 12% from the rate among current 40-year-olds.

Many millennials don't have the economic freedom or security to pursue marriage because the 2007-2008 recession led to depressed wages and increased unemployment. These young people need to focus on graduating and finding a job, instead of courtship and, eventually, paying for their weddings.