• 2 hours Electric Vehicle Rebound Bolsters Battery Metal Growth
  • 19 hours BlackRock Makes A Run On Asian Stocks
  • 1 day Gold Prices Surge Above $1,800
  • 2 days Chinese Stocks Soar On Bullish Economic Data
  • 2 days Apple’s “Holy Grail Of Data” Leaves Energy Traders Disappointed
  • 2 days Gold Rally Adds $250 Billion To Top 50 Miners' Market Cap
  • 3 days TikTok Is Becoming A New Battleground For Tech Politics
  • 3 days Peru's Mining Industry Pummeled As Coronavirus Cases Surge
  • 3 days Why The World Is So Divided In Its COVID-19 Response
  • 4 days Equities Cheer Stellar Jobs Report, But It May Be Fleeting
  • 5 days Is Tech Billionaire Peter Thiel Done With Trump?
  • 5 days Musk Takes To Twitter To Troll The SEC
  • 6 days Lunar Mining May Commence As Early As 2025
  • 7 days Immigration Will Go Bust Without $1.2B Bailout
  • 7 days The Economics Of The Space Race
  • 8 days Why The World's Central Banks Aren't Yet Sold On Renewables
  • 9 days How Much More Cash Can Uber Burn?
  • 9 days Inside The Biggest Counterfeit Gold Scandal In Recent History
  • 9 days EU-U.S. Trade Relations Are Deteriorating
  • 10 days Over 184 Companies Have Bailed On Facebook
Is Tech Billionaire Peter Thiel Done With Trump?

Is Tech Billionaire Peter Thiel Done With Trump?

Thiel reportedly projects that the…

BlackRock Makes A Run On Asian Stocks

BlackRock Makes A Run On Asian Stocks

On Monday, BlackRock downgraded U.S.…

Why The World Is So Divided In Its COVID-19 Response

Why The World Is So Divided In Its COVID-19 Response

The Covid-19 pandemic should have…

Josh Owens

Josh Owens

Writer, Safehaven.com

Josh majored in International Relations at the University of Edinburgh and is currently the Content Director at Oilprice.com. Josh has over 6 years of writing…

Contact Author

  1. Home
  2. News
  3. Breaking News

Millennial Men Are Looking For A Sugar Mama

Millennials

It may not be love at first sight, but the prospect of finding a wife who can pay off your student debt is tantalizing—at least for over 40 percent of Millennial men surveyed by Varo Money recently.

Throwing romanticism out the door, of 1,000 adults surveyed last month by mobile banking company Varo, 41 percent of men said they would marry someone who earns more than they do in order to help them pay off mounting debts.

That’s four out of 10 men in the 20s and 30s. And more than 50 percent admitted that money is a factor when choosing whom to marry.

And it’s not terribly unrealistic when you consider that 36 percent of American women are earning more than whoever their dating or married to.

It’s a far cry from the long-prevailing (forever prevailing) psychosis of the male ego that has always felt threatened by a woman who earns more—or even the same.

The Millennial male ego is much harder to bruise. Gone are the days when the male breadwinners of the family does something like pretend to be at work after having been fired to avoid the shame of not being able to provide for his family.

The onus is now falling to women—a trend that is set to gain momentum given the Millennial male mindset.

According to Varo, only 15 percent of Millennial women are looking to marry for money, or the ability to pay off debt.

And men—more than one out of three—believe that relationships see positive romantic changes for the when their female partner is out-earning them. That in itself opens up a Pandora’s box of dark room psychology that is better left unaddressed …

It’s a healthy attitude to have, though, at a time when the trend is for women’s income to rise and men’s to fall.

Related: Earnings Beat: 10 Stocks That Crushed Expectations

"Millennials have a lot of unique money issues that other generations have not faced — student loans, housing costs, a changing economy — and that means they must be on top of their finances," said Emily Brauer Gill, director of brand and communications at Varo.

It may not be entirely egalitarian, but the trend is clear.

According to a Pew Research study, it’s been slow-going. It took 35 years (1980-2015) to narrow the wage gap between men and women by only 20 cents. And the Institute for Women’s Policy Research predicts wage equality by 2059.

The Millennial attitude might be the element that entirely reinvents romance, income equality and gender roles in the family. If Millennial men are not only willing to earn less but looking forward to having their partner pay off their debt, then 2059 might arrive a lot sooner than we think—and women might be wondering if it’s worth it.

By Josh Owens for Safehaven.com

More Top Reads From Safehaven.com:

Back to homepage

Leave a comment

Leave a comment