Many young adults are embracing child-free lifestyles, driven by financial concerns and a desire for personal freedom. According to a MassMutual survey, 23% of millennials and Gen Zers without children plan to remain childless, with 43% citing financial reasons. This shift reflects the declining fertility rate and fewer married adults. A Pew Research study found child-free adults, whether single or in a dual-income household, tend to be wealthier and have more in retirement savings than their peers with children. Financial planning for child-free individuals, however, differs significantly, often prioritizing lifestyle goals over passing wealth to the next generation.
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00:00It's Benzinga, and here's what's on the block.
00:02A growing number of young adults are embracing child-free lifestyles driven by financial
00:07concerns and a desire for personal freedom.
00:10According to a mass mutual survey, 23 percent of millennials and Gen Zers without children
00:15plan to remain childless, with 43 percent citing financial reasons.
00:19This shift reflects the declining fertility rate in fewer married adults.
00:23A Pew Research study found that child-free adults, whether single or in a dual-income
00:28household, tend to be wealthier and have more in retirement savings than their peers
00:31with children.
00:33Financial planning for child-free individuals, however, differs significantly, often prioritizing
00:37lifestyle goals over passing wealth to the next generation.
00:41For all things money, visit Benzinga.com.