Experts say a better economy means more divorces

By |2022-03-25T08:14:29+00:0005 Mar 2014|Categories: Alimony, Child Custody, Child Support, Divorce, Property Division|

According to economic experts, the divorce rate and the strength of the economy are directly related. A recent article noted that as the economy is gaining steam, the number of divorces in the United States has increased for the third year, posting a 2.14 million gross increase in 2012.

Despite the emotional and financial consequences of divorce, divorces do result in the formation of new households, and new households increase demand for homes, appliances and furnishings, all of which promise a boost in economic activities.

According to an economist, once the economy normalizes, the family dynamics do so too. This means births and divorces increase as the economy picks up because many families put off life-changing events that have significant financial implications when things are already tight financially at home.

Statistics also reveal that 150,000 divorces were either avoided or postponed in 2009. After the recession, divorce rates increased, which coincided with the increase in household formation. This, in turn, increased the demand for housing construction and rentals.

Both marriage and divorce can affect unemployment. Decreases in marriage and divorce rates increase the jobless rate. A married spouse may opt to forego his or her career while a divorced spouse is likely to look for a job; specifically, more women are forced to seek employment because they are more likely experience a drop in income They must look for a job to support both their needs and the needs of their children.

There are several reasons why marriages end in divorce. Dissolving a marriage has significant emotional and financial implications. Important matters, such as property division, alimony, child support and child custody are often the reason why a divorce proceeding becomes contentious. No matter their economic circumstances, it is advisable for divorcees to understand with a rational mind the implications of a divorce.

Source: Bloomberg Businessweek, “Worsening U.S. divorce rate points to improving economy,” Steve Matthews, Feb. 18, 2014

About the Author:

Dorie Anne Rogers - The Law Offices of Dorie A. Rogers, APC
Dorie A. Rogers, a Family Law Specialist, Certified by the State Bar of California, has been an attorney since 1981 with an exclusive family law practice located in Orange County. She is accepting dissolution cases with support and property issues including the use of forensics to ascertain business value, community interests and to establish monthly case flow analysis. Ms. Rogers has substantial experience in high conflict custody litigation involving sophisticated psychological issues. She drafts premarital and postmarital agreement designed to define and establish parties' separate and community property interests. Paternity cases and domestic violence matters are considered part of her practice. Ms. Rogers is a court-approved and court-appointed to represent minor children.Ms. Rogers consults with individuals concerned about entering or exiting a relationship. She advises effective strategies for dissolution or premarital planning. Knowledge is power and good planning affords better results.Specialties: Family Law Specialist, Certified by the State Bar of California
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