Millennials Are 10 Times More Likely Than Baby Boomers to Get a Prenup
Summary
Millennials are much more likely to get prenuptial agreements (prenups) than baby boomers. A survey from LegalShield shows that 39% of millennials have a prenup, in contrast to only 4% of baby boomers. Prenups are gaining popularity among young people, especially those with student debt, as a way to manage financial responsibilities and protect assets before marriage.Key Facts
- Millennials are 10 times more likely than baby boomers to have a prenup.
- 39% of millennials have signed a prenup, while only 4% of baby boomers have done the same.
- 77% of people with student debt would consider getting a prenup.
- Students with debt are 6 times more likely to have a prenup to protect their partner from debt.
- Americans have nearly $2 trillion in student debt, influencing financial decisions like prenups.
- Prenups are seen by 50% of Americans as a form of financial protection.
- The average age of marriage on the HelloPrenup platform is 37, with individuals bringing existing assets and debts into marriage.
- Millennials treat prenups as a way to have honest conversations about finances and long-term plans before marriage.
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