Are Prenups as Popular with Millennials as Avocado Toast?

Sep 5, 2019 | Finances

Everyone knows millennials love avocado toast. What’s not to love? Crunchy bread, topped with a creamy spread of avocado, olive oil, and sea salt. Yum! Okay, millennials love vegetables on toast, but do they give the same love to marital prenups? The answer is yes!

Millennials are getting more prenups than ever before. According to the American Academy of Matrimonial Lawyers (AAML), 51% of lawyers say they have seen a heavy increase in the number of millennials requesting prenups. The lawyers are attributing it to couples marrying at an older age these days. The older the couple, the more assets they have, and the greater need to protect themselves.

Read our related blog here: Millennials + Prenups

As noted by the New York Times, the rise in prenups could also be credited to more millennials growing up in divorced households than other generations. In other words, learning from their parents’ mistakes. Additionally, the New York Times mentions how more women are in the workforce than ever before. Meaning, millennial women have a higher interest in initiating a prenup to protect their assets than perhaps their baby boomer grandmothers.

The AAML stated that over the past 20 years, prenups have increased fivefold. Meaning that past generations were five times less likely to get prenups than millennials! It’s safe to say that Millennials are synonymous with not only avocado toast, but prenups, too.

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All content provided on this blog is for informational purposes only. HelloPrenup, Inc. (“HelloPrenup”) makes no representations as to the accuracy or completeness of any information on this site. HelloPrenup will not be liable for any errors or omissions in this information nor for the availability of this information. These terms and conditions of use are subject to change at any time and without notice. HelloPrenup provides a platform for contract related self-help. The information provided by HelloPrenup along with the content on our website related to legal matters (“Information”) is provided for your private use and does not constitute legal advice. We do not review any information you provide us for legal accuracy or sufficiency, draw legal conclusions, provide opinions about your selection of forms, or apply the law to the facts of your situation. If you need legal advice for a specific problem, you should consult with a licensed attorney. Neither HelloPrenup nor any information provided by Hello Prenup is a substitute for legal advice from a qualified attorney licensed to practice in an appropriate jurisdiction.

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