Hacker News Board Hacker News, browsed like a classic message board
Live data from Hacker News

Millennials Are Causing the U.S. Divorce Rate to Plummet

bloombergquint.com

Post reply on HN
Print view View original

101–110 of 266 posts

Re: Millennials Are Causing the U.S. Divorce Rate to Plummet

#101

Post by anoonmoose »

pastor_elm wrote: post #44
thaumasiotes wrote: post #27

Earlier quoted context omitted.

> we’ve been saving for two years to have a wedding, and we’re planning a relatively cheap one The second part here is in conflict with the first part...

An upper middle-class wedding on the coasts at any venue goes for a minimum of 30k. A really cheap wedding is just having in your back yard with a keg, but I don't think the OP is talking about that. A nice wedding with all your college buddies, looking at 100k.

Yeah, I dunno about that. I'm in the middle of planning a wedding at a nice theater [1], catered, open bar, with a band, for 150 people, and even if we run 50% over our current expected costs we'll be under $30K. New England if that matters.

[1] https://www.pinterest.com/palacetheater/royal-weddings-at-th...

Re: Millennials Are Causing the U.S. Divorce Rate to Plummet

#102

Post by chrisbennet »

diminoten wrote: post #93
nimbius wrote: post #38

speaking as a millennial there is a big reason Marriage is overtaking divorce. Health insurance. Most of us dont have jobs that afford us competent healthcare. Seriously, thank the gig economy. Affordable Care Act providers either do not exist in some states or are overpriced/worthless for what they do cover. There are still roughly 25 states that have not expanded medicare either. Getting married is a quick and simp…

> Most of us dont have jobs that afford us competent healthcare. Is this true? I hear people say things like this but "most"? Seems too high.

Seem correct. I know my health care would have doubled this year from $800/mo to $1544/mo so I found another plan at the same price as the old one but it covers much less.

Re: Millennials Are Causing the U.S. Divorce Rate to Plummet

#103

Post by ben_jones »

combatentropy wrote: post #94
odyssey7 wrote: post #75

Millennials are forced to be more careful, because they're climbing a difficult and important ladder into financial security. Most people I know who aren't looking to marry are just very aware that this is not the right time for them, neither finically nor in relation to achieving their professional goals.

Statistically though, married people have more money. "married women can pay as much as $1 million less than their single counterparts over a lifetime" "married men between 28 and 30 years old earn around $15,900 more a year in individual income compared to their single counterparts, while married men between 44 and 46 years old make $18,800 more than single men of the same ages" + other benefits https://www.business…

Is it worth it though? A married man may feel the need to provide for his family and make career choices that are detrimental to his family and himself in order to do so.

Re: Millennials Are Causing the U.S. Divorce Rate to Plummet

#104

Post by SilasX »

combatentropy wrote: post #94
odyssey7 wrote: post #75

Millennials are forced to be more careful, because they're climbing a difficult and important ladder into financial security. Most people I know who aren't looking to marry are just very aware that this is not the right time for them, neither finically nor in relation to achieving their professional goals.

Statistically though, married people have more money. "married women can pay as much as $1 million less than their single counterparts over a lifetime" "married men between 28 and 30 years old earn around $15,900 more a year in individual income compared to their single counterparts, while married men between 44 and 46 years old make $18,800 more than single men of the same ages" + other benefits https://www.business…

But that doesn't establish whether it's more "competent/conscientious/whatever" people being more likely to marry, vs the marriage itself causing higher market productivity.

Re: Millennials Are Causing the U.S. Divorce Rate to Plummet

#105

Post by in_cahoots »

I’m not sure if the data here supports the conclusions at all. It looks like the divorce rate for millennials is roughly constant, albeit much lower than for older adults. So if more millennials are getting married and boomers are beginning to die off that would explain this trend nicely.

Re: Millennials Are Causing the U.S. Divorce Rate to Plummet

#106

Post by itchyouch »

dleslie wrote: post #59
nimbius wrote: post #38

speaking as a millennial there is a big reason Marriage is overtaking divorce. Health insurance. Most of us dont have jobs that afford us competent healthcare. Seriously, thank the gig economy. Affordable Care Act providers either do not exist in some states or are overpriced/worthless for what they do cover. There are still roughly 25 states that have not expanded medicare either. Getting married is a quick and simp…

Aye, I have a handful of American friends who have married another friend simply to access/combine one-another's health benefits. That doesn't seem to happen in Canada...

Wouldnt the divorce rate go higher then? Since its out of convenience/benefits, once one finds a partner, they divorce and remarry.

Re: Millennials Are Causing the U.S. Divorce Rate to Plummet

#107

Post by yitianjian »

combatentropy wrote: post #94
odyssey7 wrote: post #75

Millennials are forced to be more careful, because they're climbing a difficult and important ladder into financial security. Most people I know who aren't looking to marry are just very aware that this is not the right time for them, neither finically nor in relation to achieving their professional goals.

Statistically though, married people have more money. "married women can pay as much as $1 million less than their single counterparts over a lifetime" "married men between 28 and 30 years old earn around $15,900 more a year in individual income compared to their single counterparts, while married men between 44 and 46 years old make $18,800 more than single men of the same ages" + other benefits https://www.business…

Question is correlation though. Is it likelier for people who are married (perhaps correlating with more responsible) to hold better positions? Or have higher pressure to make more money and thus act on that?

Also, in US and Canada, there are significant tax benefits to being married.

Re: Millennials Are Causing the U.S. Divorce Rate to Plummet

#108

Post by bovermyer »

pc86 wrote: post #10
bovermyer wrote: post #4

I'm a millennial and I got divorced a couple years ago.

Pack it in everyone, this guy's anecdote invalidates the country's data.

I never said that. I strongly advise you to not imply meaning where there is none.

Re: Millennials Are Causing the U.S. Divorce Rate to Plummet

#109

Post by LoSboccacc »

combatentropy wrote: post #87

"Many poorer and less educated Americans are opting not to get married at all. . . . Marriage is becoming a more durable, but far more exclusive, institution." How is it exclusive if it is by choice?

not being able to afford things is not a "choice"

Re: Millennials Are Causing the U.S. Divorce Rate to Plummet

#110

Post by thedaemon »

philwelch wrote: post #99
combatentropy wrote: post #94

Earlier quoted context omitted.

Statistically though, married people have more money. "married women can pay as much as $1 million less than their single counterparts over a lifetime" "married men between 28 and 30 years old earn around $15,900 more a year in individual income compared to their single counterparts, while married men between 44 and 46 years old make $18,800 more than single men of the same ages" + other benefits https://www.business…

Do married people have more money, or do more financially secure people get married?

It's cheaper to live with someone and split bills than live alone and pay all of the bills by yourself. So yes, married people have more money in general.
Post reply on HN