Marriage Rates Down: Less Couples Wed Due to Economy?

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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.

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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