Members of the Millennial generation are much less likely to be married by age 32 compared to previous generations. In fact, research shows that only 26% of Millennials are married by 32, compared to 36% for Gen X-ers, 48% of Baby Boomers and 60% of the members of the Silent Generation at the same age. Interestingly, researchers estimate that 69% of the unmarried Millennials would like to be married but feel that they are lacking the financial foundation to make it a possibility.
More about Millennials:
- Millennials as a cohort are more educated than previous generations: 34% of those 25 to 32 years old hold at least a bachelors degree, compared to 25% for Gen X and 24% of Baby Boomers at the same age.
- Millennials represent America's most racially diverse generation, with 43% recognized as non-white.
- Millennials tend to trust others less often than previous generations - 40% of Baby Boomers said that most people can be trusted in a research study vs. just 19% of Millennials.