The Recession Impacts Divorce
The Recession Impacts Divorce
By Deborah E Smith
The economic recession may impact a couple’s decision to divorce-or at least inform creative solutions to the process. It is unclear at this point exactly how the recession is impacting divorce rates because of lags in governmental data.
But a survey conducted in May by the Institute for Divorce Financial Analysts, a national organization for financial professionals who work on divorce cases, found that the recession was delaying divorces, inspiring “creative divorce solutions.”
Courts in major metropolitan centers are finding that fewer couples are filing for divorce since the economy began spiraling downward in 2007. Divorce rates in New York County have declined by 14 percent over a 4-month period between 2007 and 2009. Divorce rates in Los Angeles County have dropped 9 percent over that same time period.
Divorce lawyers say that many couples are delaying the decision to divorce because of economic uncertainty. The economic recession is also informing creative living solutions for financial assurance for divorce is rarely easy and inexpensive. A down turned real estate market forces divorcing couples to consider the sale of a unified house with the intention of pursuing two separate households.
Also, a couple surviving on a joint income is now forced to consider two independent job tracks, two livelihoods, and two households. The cost of divorce in a down turned economy is inspiring creative solutions to living arrangements such as separated parents living in a joint household.
Rhonda Brewster and her husband of 16 years have decided to divorce but while they want to move on, they can’t move out. The couple does not want to sell their home in Huntsville, Alabama in a down turned real estate market but they can not afford two separate households until they both have stable employment. Their solution-Rhonda lives upstairs on the top two floors with their two children while her husband lives in the finished basement.
Lori and Randy Ward of Nashville, Tennessee continue to share a house together while filing for divorce after 10 years of marriage. They are finding creative solutions to the costs of divorce as Randy sleeps on the living room couch. They are living separately together as many divorcing couples are choosing to do so in this down turned economy.
Deborah Smith
Writer about divorce and family law at http://www.totaldivorce.com
Article Source: http://EzineArticles.com/?expert=Deborah_E_Smith
http://EzineArticles.com/?The-Recession-Impacts-Divorce&id=2647173
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