Is it 20-20 hindsight? Learn why older investors are more likely to recommend prenups to couples getting married today.
Just under half of investors ages 40 and younger would recommend a prenuptial agreement to a couple getting married today, according to the latest monthly survey from Spectrem’s Millionaire Corner, which indicates that prenups find more favor among older investors.
High net worth investors view their marriages as a key factor in building their wealth. Click here to learn more.
Close to 60 percent of investors ages 61 and older would recommend a prenup, and the majority identifies three key advantages to the agreements, according to our April survey. More than two-thirds cite the factor, “A prenuptial agreement protects assets accumulated prior to a marriage. More than half agree that a prenup can protect children from a previous marriage and encourage a couple to talk openly about money prior to a marriage.
High net worth investors are also big advocates of prenuptial agreements. Click here to learn more.
Most younger investors fail to acknowledge the advantages of prenups, though a large majority indicates that a prenuptial agreement can protect existing assets. Investors age 40 and under are more likely to identify drawbacks to entering into a contract with a prospective spouse. More than half indicate that a prenup “introduces a negative feeling toward a marriage” and 44 percent say a prenuptial agreement wrong places an emphasis on “money, not love.” Close to 30 percent cite the factor “a prenuptial agreement makes it even easier to get divorced today” and one-in-five believe a prenup can deter couples from getting married.
Older investors are less likely to perceive drawbacks to prenups and more than one-third indicate, “I don’t feel there are any disadvantages to a prenuptial agreement.” Less than one-fourth of younger investors agree.
Gender also appears to shape attitudes toward prenuptial agreements, according to our research, which finds that women are more likely than men to recommend prenups (62 percent vs. 54 percent, respectively) and more likely to identify advantages to the contracts. Click here to learn more about men vs. women and prenups.