The Economics of Millennials Finding Love

By Dan Kadlec

October 18, 2017

A partner typically helps boost financial literacy.

A growing share of Americans live without a spouse or partner, new research shows. The trend is most visible among young adults, who may be setting up for a lifetime of economic disappointment, according to Pew Research.

The share of adults living without a spouse or partner has climbed to 42% from 39% over the past decade. Those living together have increased in that span—but not fast enough to offset a big decline in those who marry. Some 61% of adults under age 35 live without a spouse or partner, up from 56% a decade ago.

Why do we care? Research shows that couples tend be happier and financially better off than those who are alone. Median household income, adjusted for household size, for partnered adults, is $86,000. That compares to $61,000 for “unpartnered” adults, who are twice as likely to be living in poverty.

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Posted in Latest Research on October, 2017