Millennials have a lot of things to complain about when it comes to their financial circumstances. Crushing student loan debt, the rising cost of living and the lack of well-paying jobs have made millennials into the most broke generation in contemporary history.
But new research showing that almost a third of millennials think dating is too expensive reveals Generation Me isn’t just short on money — but commitment.
Match.com’s Singles in America survey found that about 30 percent of adults between the ages of 22 to 37 feel their financial instability is hampering their dating game. And 21 percent of the millennials think they don’t even deserve love until they’ve reached a certain level of income, according to the study, which analyzed the dating habits of more than 5,000 US adults.
The research showed that the majority (20.4 percent) of millennials have a household income that's just $15,000-$29,999.
Another 18.8 percent earn between $30,000-$44,999, while 16.4 percent earn less than $15,000 per year.
This information follows a separate study, also by Match.com, which said that the average single American spends about $60 per month on dating - but, unfortunately, it's still men who fork-out most of the costs.
Sara, 26, and Joseph Stewart, 28, from Georgia, US, say their vows as they float inside a hot air balloon. [Photo/IC]
Fifty-one percent of men spend more than $100 a month on dates, while 29 percent spend more than $150 a month.
The average spend on Valentine’s Day is $103.
In contrast, 66 percent of women spend less than $50 a month on dates, while their average amount spent on Valentine’s Day is just $51.
The new research also found that the #MeToo movement has caused more than half of all men to act differently with women - being more reserved and distant.
It's not all bad news, though. Fifty-nine percent of participants admitted to falling in love with someone they didn't expect to.
The average single person also wants to have the DTR (define the relationship) conversation after four months of dating, which suggests they're serious about finding a partner.