scorecard
  1. Home
  2. strategy
  3. There's been a 62% spike in people getting prenups, and experts say it's being driven by millennials

There's been a 62% spike in people getting prenups, and experts say it's being driven by millennials

Erin McDowell,Erin McDowell   

There's been a 62% spike in people getting prenups, and experts say it's being driven by millennials
Strategy1 min read

wedding

Rawpixel.com/Shutterstock

"Millennials are concentrating more on building their career and becoming more knowledgeable about what assets will come of their career, and what their income will be in the future," says Jacqueline Itani of Stutman Advocate Stutman & Lichtenstein, LLP.

  • Millennials are increasingly interested in signing prenuptial agreements before getting married, research says.
  • Later marriages, less "concrete" assets, and the equalization of the workforce have all been cited as reasons for the spike in prenuptial agreements among millennial couples.
  • Here are the biggest reasons why more millennials are interested in getting prenups than ever before.
  • Visit Business Insider's homepage for more stories.

When it comes to millennials' views on marriage, perhaps Kanye West said it best - "we want prenup."

According to a recent study conducted by the American Academy of Matrimonial Lawyers (AAML), 62% of divorce attorneys surveyed reported an increase in the total number of clients requesting prenuptial agreements in recent years. Among those attorneys who reported an increase, 51% said there was an increase in the number of millennial clients signing prenups.

Jacqueline Itani, an Associate at Stutman Advocate Stutman & Lichtenstein, LLP with a strong background in Matrimonial law and Family and Divorce Mediation, spoke to Business Insider about why young people are interested in signing prenuptial agreements and protecting themselves in the event of a divorce.

Here are the biggest reasons why more millennials are interested in getting prenups than ever before.

READ MORE ARTICLES ON


Advertisement

Advertisement