A new study shows that wedding bells aren’t ringing as much nowadays.
The Thriving Center of Psychology surveyed more than 900 millennials and Gen Zers who are currently in a relationship but not married to learn about their living situations and future expectations.
They found that even though the majority of survey respondents hope to tie the knot someday (83%), many aren’t in a rush to do it.
And, the reason may come down to the cost.
(File / SunnyVMD / iStock / Getty Images Plus)
The study found 73% of respondents feel it’s too expensive to get married in the current economy. The data also found that 1 in 2 (54%) of respondents still moved in with their partner, in part, due to finances.
Last year, the national average cost of a wedding was $30,000, which was a $2,000 increase from the previous year, according to another survey published by The Knot.
Cost aside, the survey also found that 85%of respondents do not feel marriage is necessary to have a fulfilled and committed relationship.
Across the U.S., people living in certain cities appear to be less marriage-inclined than others. The cities with the most unmarried couples living together are Toledo, Seattle, and Spokane, the findings show.
In addition, more than 1 in 3 (34%) people 15 years or older have never been married in 2022, which is up from 23% in 1950, according to U.S. Census Bureau statistics.
This story was reported from Los Angeles.