Love and marriage — who needs it? Not Millennials:
The 2015 U.S. Wedding Forecast from Demographic Intelligence says millennials in the next five years will have more of its members at a typical marrying age than any previous generation. But they are also less likely to tie the knot than their predecessors.
The report shows a marriage rate of 6.74 per 1,000 people this year, with the number expected to fall slightly lower over each of the next two years. In 2008, the marriage rate in America was 7.09.
Others have made similar findings. A Pew Research Center report recently said that one-fourth of millennials are likely to eschew marriage entirely.
“A lot of people would like to see marriage remain strong. It offers benefits to children,” said Sam Sturgeon, Demographic Intelligence president. He noted that research has been somewhat politicized, but is “pretty consistent” in showing that children raised with two parents who are married to each other fare better across multiple measures.
Getting married and starting a family, even more than starting a new business, is an indication of hope for the future.
With declining birth, marriage, and business startup rates, it’s clear there’s not a whole lot of that hope left these days.