If you’ve ever wondered about the prevalence of prenuptial agreements, commonly known as prenups, you’re not alone.
Prenups have long been associated with wealthy individuals, but their popularity has been growing among a broader demographic in recent years.
So, what percentage of marriages have a prenup? About 15 % of couples in a marriage sign prenups, however this number seems to increase as years progress.
Let’s explore this question and shed some more light on this rising topic.
How Common are Prenups?
According to various studies and surveys, the percentage of marriages that include a prenuptial agreement can vary widely.
However, the general consensus is that prenups are becoming increasingly common.
A survey conducted by the Harris Poll in 2022 found that 15% of married or engaged adults reported signing a prenup.
This is a significant increase from the 5% reported in a similar survey conducted by the American Academy of Matrimonial Lawyers in 2013.
Additionally, a survey by the American Academy of Matrimonial Lawyers in 2021 found that 62% of its members reported an increase in prenuptial agreements in their practice over the past three years.
So, while prenups are not as common as say, a wedding cake, they are increasing in popularity as the years go by.
Why are Prenups Gaining Popularity?
There are a few factors that may contribute to the growing popularity of prenuptial agreements.
One factor is the changing attitudes towards marriage and divorce.
As divorce rates have increased, many people see prenups as a way to protect their assets and avoid costly legal battles in the event of a divorce.
Additionally, as more women enter the workforce and accumulate wealth, they may be more inclined to protect their assets through a prenup.
There are many reasons for the rise in popularity of prenuptial agreements.
One factor is the increasing complexity of modern relationships and marriages.
Couples are often entering marriage with assets, debts, and children from previous relationships, which can make financial arrangements more complicated.
Why Get a Prenup and Who Gets One?
A prenup can help clarify expectations and protect each individual’s financial interests in these situations.
The rise in prenup popularity is particularly noticeable among younger couples, with millennials driving the trend.
Additionally, a poll conducted by the New Yorker revealed that nearly 40% of married or engaged individuals between the ages of 18 and 34 have signed prenups.
This suggests that prenups are no longer solely reserved for the wealthy elite.
Do Most Married Couples Have a Prenup?
While the prevalence of prenuptial agreements has been on the rise, it is important to note that they are still not the norm for most married couples.
According to a study done by Harvard University, only 5% to 10% of marrying Americans actually obtain prenuptial agreements.
This indicates that the majority of couples choose not to pursue a prenup, whether due to personal reasons, cultural factors, or simply a lack of awareness.
It’s worth mentioning that the decision to enter into a prenuptial agreement is highly personal and depends on various factors, including financial circumstances, individual preferences, and the couple’s overall goals and values.
While prenups can provide certain legal protections, they are not a mandatory requirement for a successful marriage.
The percentage of marriages that include a prenup has been steadily increasing over the years.
While 15% of married or engaged adults have signed a prenup, the majority of couples still choose not to go down this legal path.
Ultimately, the decision to pursue a prenuptial agreement should be based on open communication, understanding, and the unique needs of each couple.
Note: The information provided in this blog post is based on various studies, surveys, and reputable sources. It is always advisable to consult with a legal professional for personalized advice regarding prenuptial agreements.