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Many Putting off Wedding Plans & Family Life Thanks to the Economy

Nearly one in Five Delaying Major Life Decisions

It certainly should not be a surprise that the worst economy since the Great Depression is causing many Americans to postpone major life decisions like getting married, having kids or getting a divorce. Such choices can translate into hefty financial investments and undue stress when the future looks so uncertain.

A new national FindLaw.com survey released last week found that 18% of Americans say they are putting off such decisions because of economic concerns. More specifically:

  • 10% are putting off marriage or delaying having children
  • 6% are delaying adoption or considering adoption
  • 4% Four percent are delaying divorce

Delaying such decisions most deeply impacts younger adults and those with lower incomes:

  • 40% between the ages of 18 and 34 say they are waiting to get married and have children
  • 35% of those earning less than $35,000 per year are also opting to wait for happier economic times.

 

Related Links:

Huffington Post:Recession Kills The Mood. Americans Put Off Marriage

Getting Married: A Checklist (FindLaw) 

Living Together (Cohabitation) & Common Law Marriage (FindLaw)

MSNBC: How Much do Kids Actually Cost?

New York Times: Divorce & the Business Cycle

Divorce in the Recession: Do it Yourself? (FindLaw)

FindLaw Adoption Center

Five Tips on Child Custody & Visitation (FindLaw)