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As the Economy Recovers, Divorce Rate Grows

As the Economy Recovers, Divorce Rate Grows

Posted By Meyers Law Group, P.C. || 25-Sep-2013

The Los Angeles Times reports that a boost to the economy and housing market has led…to more divorces. It is likely that what kept more people from divorcing was the fact that their house was worth much less, and/or at least one spouse did not have a job. If couples went through a divorce in such lousy financial circumstances, it would have been a severe blow to each party. Survival meant staying together. Now with some life in the economy again, couples can afford to split. A house is worth something now, and this can fund a parting of ways. This is true of the whole country, not just California. And it is true of more than the United States as well.

In the U.K., divorce rates dropped considerably during the financial downturn in 2008. While stating that economic stress can cause more divorces, a Marquette University professor said that a bad economy can have an opposite effect as well: "Falling property prices mean that selling the family home may not provide sufficient funds for two separate homes, especially now that lenders have become much more selective."

If financial matters have steadied enough for you to look further ahead to the future, then you and your spouse may now be better able to contemplate divorce. If this is something that you want to pursue, then contact the Meyers Law Group, P.C. Find out how our Long Island divorce lawyer has the experience and skill to help you get a fair amount in property division, and to set up alimony and child support payments if necessary. Whatever your issues, whether they center on child custody or equitable distribution, you may be able to find the answers you need with our firm. You can find the outstanding representation that you deserve with our firm as well.