Thursday, December 10, 2009

Recession putting Strains on Marriage

Posted by Chris O'Sullivan

The economy may be putting a strain on more than just family finances. Marriages are also being tested in what has become one of the worst economic recessions in history. Tensions are sure to rise during these times as spouses struggle to pay bills, adjust to job loss, or maybe even forced to leave their homes. 75% of those who have lost their jobs are men, which translate to a lot of distressed wives.

According to one study, couples who report disagreeing about money matters once a week are about twice as likely to divorce compared with couples who disagree about money less than once a month. This is not a surprising statistic.

The irony of this situation is that the divorce rate is actually falling. It declined to 16.9 divorces per 1,000 married women in 2008 from 17.5 divorces in 2007 (a 3% drop), after rising from 16.4 divorces per 1,000 married women in 2005 (a 7% increase). The major reason for this is that couples who have fallen on financial hardship simply cannot afford to pay for a costly divorce. Divorces involve many expenses including lawyer fees which can often exceed to implied cost of sticking it out.


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