© FlickrMarriage is losing ground with Americans old and young.
For a generation that is learning to embrace renting in place of ownership, cohabitation is on the rise, and may be in line to replace traditional matrimony.As the
new dominant demographic in the United States, whatever Millennials do as a group goes a long way to establishing new norms. It has been well established that economic forces are compelling Millennials -- roughly, those born between 1980-2000 -- to
postpone major commitments, like purchasing a house or car, as well as getting married or having children. But this shift away from traditional marriage is not limited to the youth end of the demographic spectrum.
A spike in the divorce rate among Baby Boomers and older Americans has given rise to use of the term "
gray divorce." From empty nest couples coping with having their kids grown up and out of the house, to long-suffering mismatches finally calling it quits, seniors are turning away from the tradition of marriage for life at the same rate as Millennials postponing or altogether foregoing such legal unions:
25 percent.
In both cases, economic factors may be at least partly responsible for the new trend. Aside from the early adulthood hardships being endured by
a generation of heavily indebted Millennial college grads, younger generations are also finding that women often have as much chance of making it on their own as men, certainly compared to previous generations.
As a generation,
Millennials are the most vocal and most hyper-conscious of gender inequality. It is in many ways the defining issue of their time. The history of marriage, as well as marriage laws, can often put it on the wrong side of history where Millennials of any gender are concerned.
Women, largely excluded from higher education and direct participation in the economy, historically played homemaker in exchange for access to a breadwinner. Today, both sexes are discovering that marriage is no longer a key requisite for financial security.
Men --
especially Millennial men -- have less to offer financially now that they are both heavily indebted and more frequently competing with college-educated women for jobs. Women, increasingly career-driven and fighting the glass ceiling legacies that have limited their learning and earning potential, are more visible, vocal, and essential to the economy than ever before. These Millennial women have plenty to do without negotiating their self-determination with husbands whose
masculinity may or may not tolerate earning less or holding a lower title than their wives.
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