More and more millennial couples are choosing to live together before marriage. In the US, 65% of unmarried millennial couples have decided to do this. However, out of these couples, a survey found that 52% don’t share their rent and other costs equally.
This shows that even though they live together, there can still be differences in how they handle their finances.
The Thriving Center for Psychology conducted a survey.
They asked 906 young people from Generation Z and millennials in relationships but not married. In the survey, 61% of millennial couples who live together said money plays a role.
Over one in three said their partners don’t pay half their expenses. Almost one in five share a bank account with their partner, and about one in six claim a credit card.
The survey found that young people’s ideas about marriage are changing.
Two out of five people in the survey said they think marriage is an old-fashioned tradition.
Also, 85% feel marriage is unnecessary for a happy and committed relationship.
It’s interesting to note that 83% of the participants expressed a desire to get married in the future.
“I’ve been with my partner for eight years now, and many of our friends are getting married,” Marjolein Dilven, a blogger, shared with The Journal Record. She and her partner consider their relationship to be fulfilling just the way it is.
“Plus, we don’t want to spend the money to get married.”
The survey found that many people still feel like others judge them for their choice. About 68% said it’s okay to ask about marriage plans, but 77% said it’s too personal to ask about having kids.
Additionally, 69% of women felt judged for moving in with their partners, while only 27% of men felt the same way.
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Source: vtt.edu.vn