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Divorce Trends Impacted by Economy

The National Marriage Project at the University of Virginia reported that the recession has had an impact on the stability of marriage and divorce decisions, according to an article published in the February issue of Michigan Lawyers Weekly. About 58% of couples surveyed reported that the recession brought them closer together, while 38% of those contemplating divorce opted to "wait it out" to see if the economy improved before filing. Many couples are seeking the help of other professionals, such as bankruptcy attorneys and financial counselors, before heading to their divorce lawyer's office. Yet there are those too, who prefer to move forward despite the economy. Being unemployed or earning less money can have its advantages -- especially when it comes to calculating child support or determining alimony. If divorce filings follow statistical trends, however, divorce filings will increase as the economy improves.

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Schwartz Law Firm
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