Anyone of any age (starting with the age of consent) can be married or initiate divorce. However, a new research study shows that millennials are responsible for the decline in divorce rates. The divorce rates have radically dropped between the years of 2008 and 2018. A recent analysis of marriage and divorce data by researcher Phillip Cohen of the University of Maryland shows that there has been an 18 percent reduction in the country's divorce rate during this time.
Even when controlling for factors such as age or other demographic shifts, the research shows that the decline would still be 8 percent. According to Cohen, he believes this is solely due to millennials mindset and decision making processes concerning marriage. He believes this is partially because millennials simply do marriage better than previous generations and because he believes that they are more "selective" about marriage.
In addition, millennials are more likely to wait until they are financially stable to tie-the-knot. Many young couples are waiting until their late 20s or 30s to get married and are waiting to complete higher education. Inversely, marriage is quickly being associated with higher education with 75 percent of women in their early 40s with bachelor's degrees being married and in comparison, only half of women with a high school degree or less are married at the same age. More couples are seeking prenuptial agreements as well than in years' past.
While divorce rates may be declining, it doesn't mean they have disappeared entirely. Many married couples have and will continue to make the decision to divorce. Rates declining or not, this is often a great option and solution for a couple who needs to go their separate ways. Achieving a divorce settlement that works well and is agreeable for all is important.