The marriage rate is at a record low as more couples are choosing to delay marriage and cohabit instead, according to the Pew Research Center.
Cordell & Cordell co-founder Joseph Cordell discussed this trend on the “Marriage Meltdown” special on KPLR 11 TV in St. Louis.
“There are no laws to protect and men and fathers in cohabiting relationships,” Cordell said. “Bottom line is it’s hard to protect yourself in a cohabitation scenario; there is no stability.”
For those couples that do marry and want stability, prenuptial agreements are becoming more common particularly for older couples with more assets and those on second marriages. The problem is there is still resistance from the younger generation to move forward with a prenup.
“People under 35 traditionally have fewer assets and are just starting out in their careers,” Cordell said, “so it’s harder to persuade them to realize that if they get divorced say 15 years from now, virtually everything they own in this world will now be in a partnership that belongs to the other half.”