Millennials are waiting longer to get married than previous generations. According to a 2013 study by the Pew Research Center, only 26 percent of millennials are getting hitched between the ages of 18 and 32. That’s compared to 36 percent of Generation X, 48 percent of baby boomers and 65 percent of the Silent Generation.
One of main reasons people say they’re waiting: Money. Specifically, paying off student loans.
“They are facing dual student loan issues, where maybe their parents only had one set of student loans to deal with. I also think that they’re more expensive,” said Angie Eggum, a financial advisor at Edward Jones Investments.
Eggum said there are some simple steps people can take to make sure they’re financially ready to say “I Do.”
Read it all.
(KIMT) Special Report: Marriage and millennials
Millennials are waiting longer to get married than previous generations. According to a 2013 study by the Pew Research Center, only 26 percent of millennials are getting hitched between the ages of 18 and 32. That’s compared to 36 percent of Generation X, 48 percent of baby boomers and 65 percent of the Silent Generation.
One of main reasons people say they’re waiting: Money. Specifically, paying off student loans.
“They are facing dual student loan issues, where maybe their parents only had one set of student loans to deal with. I also think that they’re more expensive,” said Angie Eggum, a financial advisor at Edward Jones Investments.
Eggum said there are some simple steps people can take to make sure they’re financially ready to say “I Do.”
Read it all.