A recent analysis of data among those ages 25 to 39 shows that divorce rates among this population have been swiftly declining since 1990. It’s believed that this reduction in divorce has to do with this population getting married later in life. A Pew Research Center study conducted in 2016 showed that women were getting married, on average, at 27.4 years of age and men at 29.5 years old that year.
Legal experts contend that Millennials often have it a lot easier than their older counterparts when they go to divorce. While the marriage drawing to a close may still be difficult for both parties emotionally, it’s often times easier to resolve from a financial standpoint. This can be attributed to a stronger likelihood of Millennial couples having prenups in place than earlier generations.
Some other reasons legal experts suggest divorcing Millennials have it easier than others is because they often haven’t been together all that long, and they seldom own their homes or have kids. Another reason their divorces are more easily settled is that they haven’t yet been working in their careers long enough to build up a significant disparity in income that can lead couples toward heated litigation.
In cases in which Millennial divorces do become hotly contested, legal experts argue that it happens because one spouse is more career-oriented than the other or because kids have introduced into the mix. Marriages often end between the second and fifth year in these cases.
If you’re in your 20s or 30s and are considering ending your marriage, then a Trenton family law and divorce attorney can advise you how to protect your financial interests as you do.