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that marriage is no longer the only place where people make all their
major financial and personal decisions, or incur obligations to others,” Coontz said.
“First of all, I haven’t met my Mr. Right. Also, I’m extremely responsible with my own finances – I have to pay my rent and my stud
ent loans every month,” said Michelle Yu, a recent graduate of the University of Southern California, who just s
tarted her first job at a publishing company in Los Angeles. Yu has been single for more than four years.
“So, if my partner also has a ton of student loans or is in a bad financial situation, I’d r
ather be alone,” said Yu. “Now, I can well manage my own money and I’m saving the down payment for bu
ying an apartment in my neighborhood. I like to do that on my own pace.”