Millennials are embracing prenups, but not for the same reasons their parents might have. For previous generations, prenups tended to be for affluent young adults, or couples entering second or third marriages. But now, young people of all income levels are drafting them to protect their assets as well as to “address societal realities that weren’t necessarily present or common years ago” like the desire to keep finances separate, student debt, social media use, embryo ownership, and pet care. According to experts, because many Millennials are kids of divorced parents, they’ve had a firsthand look at what can happen financially when a marriage ends. Meanwhile, the stigma tied to talking about money before marriage is also “slowly disappearing.” YPulse found that 62% of 13-35-year-olds think it’s smart to get a prenup. (WSJ)
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