Do you think the decline in marital rates will have a negative impact on society?

I was reading about this last night and thought it was a good topic. Statistically millennials are waiting later, if at all in life to get married. Today we are at a 70% marriage rate when just generations before it was 92% (I think) and experts think the decline will persist. One of the people listed in the article said it would have a bunch of negative impacts. Sounded like fear mongering to me. 😬

Bonus:

Why do you think the marital rate is declining?