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The marriage rate is at its lowest point in more than a century, and the number of marriages across the USA fell more than 5% during the recession. But a new analysis projects that pent-up demand and the large population of marriage-eligible Millennials, ages 18-34, means more will be headed to the altar over the next two years.
Cultural changes about whether and when to marry, the fact that two-thirds of first marriages are preceded by cohabitation and the recession's financial fallout â€” including unemployment and underemployment â€” fueled the wedding decline. Projections from the private company Demographic Intelligence of Charlottesville, Va., says the signs are right for a temporary boost in weddings.
The company projects a 4% increase in the number of weddings since 2009, reaching 2.168 million this year; 2.189 million in 2014. Depending on the economic recovery, the report projects a...