Millennials Refusing to Get Married?

In 2020, the marriage rate in the U.S. was estimated at 5.1 per 1,000 people of the population, as compared to 9.8 marriages per 1,000 people in 1990. Is it true that Millennials avoid marriage? Who can help you, as a merchant, with a reliable and cheap online dating merchant account in the U.S?

Marriage Stats in the U.S.

The U.S. has witnessed a decline in marriage rates in recent years. Now, the rates have hit record historic low levels for the country. Specifically, according to the National Center for Health Statistics, the U.S. marriage rate dropped 6% in 2018.

According to the Pew Research Center, Millennials don’t hurry to establish their households. More than four in 10 Millennials haven’t established their own families. A significant share is living with a romantic partner. Interestingly, Millennials are more open toward cohabitation, as compared to Gen Xers.

Moreover, Millennials with a bachelor’s or a higher degree are marrying more often compared to those who have less education. However, they don’t have children. According to Business Insider, the threat of divorce is making Millennials marry later when they already know their partner, have accumulated assets, and reached financial success.

Married Couples Decreased in the U.S.

Nearly 80% of U.S. households were made up of married couples 70 years ago. In 2020, this number was 49%, according to USAFacts. 

According to IBISWorld, in 2022, the adult and pornographic websites market size in the U.S. accounted for $856.2m. The growth of the market made up 6.5% in 2022. IBISWorld has surveyed 1,336 internet users aged 18+. The survey shows that 2/3 of adult-content internet users are between 18 and 40 years old.

Are you in the adult industry? It’s critical to work with a reputable merchant services provider in the high risk space to get fast and easy access to secure and cheap payment processing solutions, including an online dating merchant account. 

Make sure the merchant services provider knows the ins and outs associated with your industry and can offer your payment processing solutions geared to your financial needs. 

Millennials Marry Less Often Now

The share of Americans marrying has decreased to its lowest level on record, as government figures reveal. Adult content consumers are increasing. To get a safe and affordable adult merchant account for your business, turn to a reputable high risk processor in the U.S.

Author Bio: Blair Thomas has been a music producer, bouncer, screenwriter and for over a decade has been the proud Co-Founder of eMerchantBroker, the highest rated high risk merchant account processor in the country providing the safest and cheapest online dating merchant account in the industry. He has climbed in the Himalayas, survived a hurricane, and lived on a gold mine in the Yukon. He currently calls Thailand his home with a lifetime collection of his favorite books.