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Nov 25th, 2008

Rough Economy Stops Many Divorce Plans

The current economic crisis in the U.S. is affecting society in a myriad of ways, one of which is keeping more couples together. As wages plunge, layoffs increase, jobs are lost, and homes are foreclosed, it can be difficult enough to maintain a single household; the idea of trying to survive in two separate households is just too much for many spouses today.

Less Divorce Filings across the U.S.

Although the evidence of a declining divorce rate is mostly anecdotal so far, some court systems have issued semi-annual statistics that indicate a significant drop in the number of divorces compared to last year. For example, the massive Cook County Circuit Court system, which covers Chicago and surrounding cities, noted a five percent drop in divorces during the first nine months of 2008.

Even more dramatic is the Miami-Dade County area — an 18 percent drop in divorces compared to 2007. Notably, the average prices of homes in the area fell nearly 20 percent over the same period of time.

Divorce Lawyers Are Aware of the Trend

In a large recent survey of divorce attorneys, 37 percent reported a decline in the number of divorces they were handling lately. It's common knowledge that going through a complex divorce can be expensive, and if a couple cannot foresee selling the marital home to pay their debts and costs, their divorce plans may be frustrated.

Increase Is in Marriage Counselors' Business

Conversely, marriage/couples counselors are reporting a surge in client requests — upwards of 25 percent increases in the number of couples seeking ways to live together in peace and resolve their problems. Moreover, as many people point out, counseling can often be cheaper than divorce — if indeed your marriage can be saved.

(Source: MSNBC)

If you're thinking about getting a divorce and you're concerned about the cost, contact us to schedule a private consultation with an experienced divorce attorney who will evaluate your situation and develop a personalized strategy to suit your needs.

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