Putting Off Big Life Moves May Help Finances: Life Happens
Three-quarters of the consumers who put off major life moves said they feel good about the effects on their finances.
Many people who have put off major life milestones, such as getting married or having children, say those delays have improved their financial security.
Life Happens — a consumer outreach group based in Arlington, Virginia — has posted data on the effects of milestone delays in a summary of results from a survey of 2,000 Americans that was conducted in January.
(Related: The Brooke Shields Strategy Worked: Life Happens President)
About 61% of the participants said they had put off one or more traditional life milestones.
Many said they had postponed the milestones for personal reasons, such as insecurity, rather than for financial reasons, according to Life Happens.
Some said they had postponed milestones due to a need to pay off student loans, or because they wanted to put their careers first.
About 74% of the survey participants who reported delaying a milestone said the move had increased their financial stability, according to Life Happens.
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