Report: More Americans Decide to Stay Single to Save Money

Lady with money bills on her right hand and a gold bar on her left handCompared with data from 10 years ago, more Americans have decided to stay single due to financial uncertainty. This is according to Pew Research Center’s analysis of data from the US Census Bureau.

In 2007, the data showed that 39% of all adults in the U.S. lived without a partner or spouse. It has risen to 42% in 2017. The trend has been prominent among people under 35 years old. Researchers consider an estimated 61% of them to be “unpartnered” compared with 56% over the past decade.

Cost Savings

The increase of more adult singles stemmed from their lack of financial confidence. This is according to Kim Parker, director of social trends research at Pew Research Center. However, it also indicated that people today are more conscious of becoming financially prepared before exchanging wedding vows.

Regarding divorce as a contributing factor, the Pew analysis has suggested that it had nothing to do with the growing number of single adults over the 10-year period. But, it may be too early to say that it has no influence. Parker noted that divorce rates among baby boomers and older adults are on the rise. The type of job that you have could also determine the likelihood of a divorce.

High Divorce Rates

Gaming managers are the most vulnerable to a divorce with a 52.9% rate. The reason behind this involves their constant exposure to a party atmosphere, gambling, and alcohol. All of those could strain a marriage.

The place where you live could also be a factor. Gaming managers in Atlantic City, New Jersey, may be more likely to need legal counsel. This is in comparison with those seeking an Albuquerque divorce lawyer in New Mexico.

The increase of adult singles hints on some people’s choice of becoming financially and emotionally stable before marriage. At the same time, the census data should conclude that more people are unhappy due to the absence of a partner or spouse.