INDIANAPOLIS — Married couples and people living with partners are shifting how they handle their finances.
Options include combined accounts, separate accounts or a little bit of both.
That "little bit of both" approach is what some experts call "yours, mine and ours."
A Bankrate survey found that about 39% of U.S. adults married or living with a partner combine their finances.
Right behind combing finances is the "yours, mine and ours" approach, with 38% choosing this option. Twenty-four percent of couples want everything separate.
While the margins are very close, there are still more popular options in each generation.
Baby boomers, ages 60-78, are most likely to combine their finances, with 44% going this route.
Gen X, ages 44-59, and Millennials, ages 28-43, are opting for "yours, mine and ours." Couples may contribute equal dollar amounts, or a percentage of their paycheck.
Gen Z, ages 18-27, is most likely to keep everything separate.
Ted Rossman, with Bankrate, said people might be shifting how they share finances for a few reasons.
"I think some of it has to do with people getting married later and they have their own income. They've been living on their own for a while," Rossman said. "I think a lot of people crave that sort of independence."
Another theory is that children of divorce are now adults and remember unpleasant experience with their parents' separation.
Rossman added that whatever couples decide, make both partners agree upon the framework.