The Pew Research Center reports that the marriage rate has plummeted. Today, just 26% of Millennials (born after 1982) are married. When they were the same age as Millennials are now, 36% of Generation X, 48% of Baby Boomers and 65% of the members of the Silent Generation were married. In 1960, 72% of all adults were married; today, that rate has dropped to 51%. The marriage-rate decline is especially steep among young people: For adults ages 18-29, the marriage rate has dropped from 59% to just 20%. Fully 44% of young adults, a much larger share than of any other generation, now agree that marriage is “obsolete.” But the truth is that marriage is still important to Millennials. While the dynamics surrounding the institution have changed, its aspirational value largely hasn’t.