Millennial couples are being smarter about money than their parents in this key way, experts say
Over half, or 53 percent, of millennials (classified here as those aged 18-34) discussed how they would handle their finances with their partners before getting married, according to a new SunTrust survey of over 2,000 U.S. adults conducted by The Harris Poll. That’s something 88 percent of Americans believe is important but, in practice, generally find hard to do.
“Millennials are marrying later in life than previous generations,” says Joe Sicchitano, head of wealth planning and advice delivery for SunTrust. “Many of them have accumulated assets and experience managing their finances before marriage, so they bring maturity to discussions that they may not have had at a younger age.”
Moreover, about 43 percent had at least one conversation about how much debt each had before saying “I do.” That’s a higher percentage than any other generation SunTrust surveyed.
Read more at CNBC.com.