Why Are Millenials Living Together vs Getting Married?
Living Together is Cheaper
One of the most common reasons why millennials choose living together vs getting married is that it is much cheaper! In recent years there has been a shortage of homes for sale and those that are available have become increasingly unaffordable for millennials who are often carrying crippling student loan debt! This has led to many millennial couples choosing to live together to save money on rent.
Digital Nomads
There are almost 5 million Americans working remotely and if the trend continues it is expected that more than half of the workforce will be remote by 2027! With more and more millennials embracing the life of a so-called ‘digital nomad’, their priorities and goals have shifted. For millennials, life is all about experiences and flexibility. Couples choose to live together instead of getting married so they are able to chase other priorities such as travel, education, or advancing their careers.
Marrying Later in Life
Although millennials are choosing to live together instead of getting married, it is not that they are against the idea of tying the knot! In many cases, millennials will just wait a little longer and get married later in life. Those who do choose to make things official tend to gravitate towards smaller weddings or elopements. With priorities focused on other things, millennials tend not to want to spend a small fortune on their wedding day. Elopements allow you to get married for up to 90% less than the cost of a traditional wedding.