# Many Millennial Couples Choosing To Keep Accounts Separate
## Marriage doesn’t mean sharing everything in life in the same way it used to.
Most baby boomers combined their finances when they got married, but the younger generations have a different approach. According to a joint study by Insider and Morning Consult, while 64% of married Americans share their finances with their spouses, 37% of millennials and 36% of gen Xers opt to keep their finances separate from their partners. In comparison, only 27% of baby boomers choose to keep their finances separate. This statistic is just one example of the differences in financial behavior across generations.
There are several reasons for this generational difference. Millennials and gen Xers often face financial stress. Concerns about how intertwining their financial lives may impact their relationships are prevalent. The study found that approximately 62% of millennials and 56% of gen Xers feel that finances add stress to their relationships, whereas 64% of baby boomers do not see money as a source of stress in their relationships.
When it comes to deciding on the best approach to managing finances in a marriage, there are advantages and disadvantages to both joint and separate accounts. Joint accounts facilitate teamwork and coordination of expenses, while separate accounts can provide financial independence but may require more effort in making joint financial decisions. Regardless of the chosen approach, having shared financial values and staying informed about each other’s financial situations are crucial for fostering a healthy relationship.
