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The Luxury of Divorce

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The Luxury of Divorce

Post by Guest on Wed Feb 22, 2012 9:41 am

There seem to be two trends at the same time:

On one hand, with less expendable income, there are less expendable marriages. Our new economic realities may be forcing yet another belt tightening -- or heart tightening -- process: People can no longer afford to get divorced.

One attorney in White Plains, N.Y., Joy Joseph, Esq., has been a specialist in matrimonial law for many years. In the last six years, she has seen a very clear downward trend in the number of divorces:

"For people of moderate means, the economy has had a big impact. It is very expensive to get divorced. Only a part of it is attorney's fees. The bigger part is that the assets are split or devalued in the process. Usually that's the house, in which they have very little equity. Plus there's the risk of losing the partner's health benefits. They're afraid to live uninsured. So, they cling to an unhappy marriage because they can't afford to leave."

The statistics support her observations: A new paper in the B.E. Journal of Economic Analysis and Policy shows that as unemployment rises, the divorce rate goes down: For every 1 percent increase in the unemployment rate, the divorce rate goes down by 1 percent.
http://www.huffingtonpost.com/judith-acosta/the-luxury-of-divorce_b_1273477.html?ref=unemployment

Guest
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