Money woes force more couples to put marriage on the back burner

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Many millennials are deciding to put marriage on the backburner while they build their careers, pay down debt and start saving for the future.

div > div.group > p:first-child"> Megan McDonald, 23 and her boyfriend, Nick Palmiotto, 25, have been together for over three years but their marriage plans are on hold.

Sky-high rents, record-breaking student loan debt and stagnant wages have caused many millennials to delay marriage, children and home buying, studies show. However, postponing marriage does have its upside, according to Antonia Greenwald, a CPA and a director in the matrimonial services group at accounting firm Anchin, Block & Anchin.

Newman, who is a writer in Idaho, sold her car, moved in with her parents and applied the money she saved to her credit card bill."By the time we were married, I was debt-free."

 

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