A new Slate article that references state and federal divorce rates shows that higher divorce rates can actually be a good thing for the economy. The idea is based on a simple principle - it is financially easier to live with another person than it is to live alone. Splitting bills and sharing resources is efficient and reduces costs.
Because of this, couples tend to stay together during a recession. Similarly, when affluence is the norm, divorce rates go up because such an environment allows people to leave an unhappy marriage or relationship. They can more easily live on their own during good economic times compared to bad economic times.
Federal data shows that in 2007 there were 3.6 divorces per 1,000 Americans; however, this rate fell to 3.4 divorces in 2009. In addition, from 2005 to 2009, states with increasing unemployment saw a decrease in divorce.
Considering that there is evidence that our current recession is finally turning around, it is possible the divorce rate could see a sharp rise. Couples who may have thought about entering divorce as the recession enveloped the country may soon have the opportunity to follow through on that desire.
Should this divorce spike occur, those seeking the split may consult a divorce attorney to represent them during proceedings. There are many things to consider in a divorce - property, marital assets, the custody of children and subsequent support payments are just a few issues that must be worked out. All of this may sound complicated, but an experienced legal representative can greatly expedite the process while also keeping your interests in mind.
Source: Slate, "Help America: Get Divorced!" Matthew Yglesias, Jan. 31, 2012



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