Family
How are millennials planning for marriage's unexpected events with logic?
Recent research on divorce has uncovered millennials as one of the most proactively prepared age groups when it comes to divorce.
Often a topic that comes with taboo, for millennials marital breakdown isn't treated as the unexpected. Those between 29 and 44 take more practical steps in their relationship to avoid potential challenges later down the line.
In the research, over one in four respondents reported setting aside savings or having separate bank accounts. Additionally at 20%, those over 25 reported that the cost-of-living crisis increased pressure on their relationship, providing insights into how millennials more more likely to have increased financial preparations.
Conducted by law firm Slater and Gordon, the research identified the shift in how divorce is approached, with the data showing a clear indication of wider preparation and careful thought before going ahead with such a significant step – such as prenuptial agreements.
When considering divorce, many millennials reported that they consulted a lawyer before divorcing at 36%, with 22% gathering financial documents showing early logistical thinking.
Respondents between 25 to 44 also showcased structured decision making and further forms of consultation, where many asked family and friends for advice at 31%, financial advisor support at 25%, and 16% even turning to new forms of technology such as ChatGPT for guidance.
The findings highlight millennials making careful, informed steps before deciding to pull the plug on their marriage. This is even shown through problem solving in their relationship before acting on divorce, with nearly one in two respondents reporting trying couples counselling and 41% trying date nights and intimacy building efforts.
Andrew Ormrod, family lawyer and associate solicitor, highlights the importance of planning ahead and protecting the future of relationships.
“From the research, we can see a proactive and pragmatic approach for millennials in preparation for the unexpected. However, this is an important consideration that I would recommend to any couple, at any age. By putting practical safeguards in place early, it provides a relationships and marriages with more clarity and stability if life takes an unforeseen turn.
“When couples prepare with logical steps, such as through financial means, these challenging moments can be navigated with less emotional and financial fallout. In many ways, planning as such has become a strong sign of a healthy, modern marriage.”
