Love and marriage may go together like a horse and carriage, but the institution is seeming more and more like something out of Frank Sinatra’s era.
More young people in the 25-to-34 age range are living together instead of getting married, a new report found.
Nearly 15% of all couples in that bracket said they live with their partner but aren’t married, up from 12% in 2008, according to the Census Bureau. The data also revealed that the percentage of 18- to 34-year-old Americans marrying is on the decline: dipping from 59% in 1978 to 29% in 2018, Bloomberg reported.
Those choosing not to tie the knot, however, might ultimately find some financial benefit to the traditional progression of their relationships. Those young couples who are married were more likely to surpass the $40,000 annual salary threshold than their unmarried, cohabiting peers.
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