Final answer:
Yes, cohabitation is becoming an institutionalized step between dating and marriage, with many treating it as a trial for marriage and the median age for marriage rising due to changing societal priorities.
Step-by-step explanation:
The statement "Cohabitation may become institutionalized as a new step between dating and marriage" is considered true. The increasing prevalence of cohabitation is reflected in societal trends where many couples view living together as a "trial run" for marriage. Surveys and studies indicate that a significant percentage of cohabitating couples see this living arrangement as a step towards marriage. Furthermore, marriage tends to be delayed as individuals prioritize personal growth, education, and careers over settling down. The median age for marriage has risen to the highest levels historically recorded, showing a shift in how relationships progress towards marriage.