Millennials credited for helping the U.S. divorce rate plummet.

FOX's Krystin Goodwin explains:

A study conducted by the University of Maryland found the U.S. divorce rate has dropped 18 percent from 2008 to 2016. Researchers say Millennials and Generation Xers are waiting until they are older, and more financially sound before settling down, as apposed to Baby Boomers, who continue to divorce at unusually high rates.

Bowling Green's National Center for Family and Marriage Research says from 1990 to 2015, the divorce rate doubled for folks between the ages of 55 and 64 and tripled for those 65 and older.

University of Maryland sociology professor Philip Cohen says, "one of the reasons for the decline is that the married population is getting older and more highly educated," adding, "couples are waiting until they're more economically stable to marry."

I'm Krystin Goodwin, FOX News.

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