Researchers expect rate of divorce to rise with better economy

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Researchers expect rate of divorce to rise with better economy

| Jan 30, 2014 | High Asset Divorce |

The economic recession has hit many people in Lancaster hard. From job loss to foreclosure, the slow economic recovery may be a light at the end of the tunnel after what has been a rough handful of years. While many people see the economic recession as drawing people closer together as they navigate a bad financial situation, the truth of the matter is that the dip in divorce rates from 2009 to 2011 may just have been because couples couldn’t afford the costs of divorce.

It is not just the divorce process itself that may have deterred couples, but the fact that once a divorce is finalized, individuals will be single and must be able to afford their respective homes on their own. Running and maintaining a household costs money, and without a second spouse’s income, it may just have been too expensive for many people in Lancaster to divorce during the divorce.

But, as we have said, the economy is slowly recovering. While we certainly aren’t in an economic boom, things are getting better for most people. And, as the economy improves, the number of divorces has risen. According to a new study in Population Research and Policy Review, there are more and more people who have been waiting to get a divorce finally filing.

It is not exactly a clear-cut case of cause and effect, however. Researchers are not entirely sure why divorces fall during times of economic hardships and rise as the economy improves. What they do know is that a similar pattern of fall and rise in divorce rates happened during the Great Depression.

Source: Los Angeles Times, “Divorces rise as economy recovers, study finds,” Emily Alpert Reyes, Jan. 27, 2014

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Avvo Rating 10.0 Superb | Top Attorney Divorce