What seems like each day, new reports come out categorizing the Millennial generation. Reports range from how the Millennials aren't investing wisely or about how they still live with their parents.

A new report recently came out and suggested that the Millennials could end up living with their parents longer but also may have more money to invest.

That's because the Millennial generation is on pace to have the lowest marriage rates by age 40, compared with earlier generations, according to a new report from the Urban Institute. Generally, the Millennial generation are considered to have been born between the early 1980s and the mid-2000s.

If today's marriage rate continues, more than 30 percent of Millennial women will reach age 40 without having tied the knot, about double the rate of Generation X women, according to the report.

Neil Howe, an economist and author of books concerning the Millennial generation, told CNN Money that more young Americans are living together and having kids without getting married.

The report suggests that a big reason that Millennials are waiting to get married -- or not getting married at all -- is financial security. It seems that many in the younger generation took something from the Great Recession.

Prior to the most recent economic troubles, 76.8 percent of Millennial women would get married by the time the reach 40. After the recession, that number has fallen to 69.3 percent. For men, those numbers are 72.6 percent and 65 percent, respectively.

Generation Xers, the generation after the Baby Boom, had a much higher by-40 marriage rate. Around 82 percent of Generation X women and 76.6 percent of men were married by age 40.

While the generation as a whole is expected to see a decline in the marriage rate, race and education levels are set to play a major role. Hispanic and black Millennials, and those who don't have a college degree, likely will see a bigger drop in their marriage rates.