Monday, November 6, 2017
Pew Research Center issued a new FactTank report, The share of Americans living without a partner has increased, especially among young adults. The article starts off with these statistics "[i]n the past 10 years, the share of U.S. adults living without a spouse or partner has climbed to 42%, up from 39% in 2007, when the Census Bureau began collecting detailed data on cohabitation." So you are wondering, what does this report have to do with elder law? Well, here you go. "The rise in adults living without a spouse or partner has also occurred against the backdrop of a third important demographic shift: the aging of American adults. Older adults (55 and older) are more likely to have a spouse or partner than younger adults. So it is surprising that the share of adults who are unpartnered has risen even though relatively more Americans are older." The article explains the financial implications of being "unpartnered", not unsurprising to those of us in the field of elder law. This can be an important implication in terms of retirement security as well. The infographic breaking down the data by age is available here.