We heard through the grapevine about a boomer couple upset because their son, who graduated from a prestigious college and professional school without loans, was marrying a young lawyer with tens of thousands in educational debt. The parents feared that paying off this financial burden would delay the couple in buying a house and starting a family. Wisely, they chose to say nothing.
Their concern is not unwarranted. Millennials who are able to get ahead financially by owning a house and saving for retirement early are usually those whose parents have helped them finance their educations, according to an Atlantic magazine article. Also some researchers believe that money problems can negatively impact a marriage. The article, “In Love … and in Debt,” cited a study that found that couples who routinely argued over finances were 30 percent more likely to divorce than those who did so infrequently.