A survey was conducted online within the United States by The Harris Poll on behalf of TD Ameritrade showed these findings:
- Marriage is a pivotal milestone for more than half of Young Americans today. Though 1 in 4 are opting out of marriage altogether
- Four in 10 Millennials plan to foot the bill for their own weddings. While only 7 percent of parents expect that they won’t contribute
- Two-thirds of Young Americans believe an engagement ring should cost less than $2,500, almost half of the actual national average
- Across generations, women expect to spend less on an engagement ring. Though the gap between men and women closes with each younger generation
- Half of married women expect to be financially independent by age 20. While married men are more similar to single Young Americans in their expected timelines for getting off their parent’s payroll
- Singles have a more extended timeline than married Young Americans And these gaps grow with the magnitude of the life even
- Single students are more stressed at school than their married counterparts. They are also much more concerned with finding a career they’re passionate about, compared to those who are married
- Parents are also more involved in their finances. Single women turn to their parents for financial advice, especially when it comes to new life skills.
Read the full survey here.