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Is the improving economy leading to more divorces?

On Behalf of | May 18, 2013 | High Asset Divorce |

Now that the economy is finally improving, you may feel more confident about securing that promotion or embarking down a new career path. You may also feel more confident about selling your home, investing in the stock market or making that long awaited major purchase. Finally, you may even feel more confident about the idea of securing a divorce.

While this may seem strange, various sources are reporting that more and more people are now actively researching or even initiating the divorce process. For example, the American Academy of Matrimonial Lawyers is reporting a sizable increase in the number of divorces over the last several months, while the proprietors of legal research websites are reporting a dramatic jump in the number of searches related to divorce and divorce related topics such as property division, child custody, child support, and spousal support.

Experts indicate that the reason behind this trend can be traced to the fact that an improving economy often translates into more disposable income.

This surplus of cash, in turn, makes people more secure about the possibility of having to start and support two separate households, a reality of many divorces. In addition, it makes them feel much more confident about the prospective legal costs associated with the divorce.

“Most divorces come down to money,” said one family law attorney. “When they feel there are enough resources, they don’t have to live with somebody they don’t want to.”

Finally, experts theorize that more disposable income means people are free to pursue their dreams and are no longer tethered to unsatisfying careers.

“Increased mobility — both personal and career — acts as a pressure valve for backlogged marital discontent,” said the founder of one popular legal website.

Whether you are only separated and would like to learn more about all that the divorce process entails, or are ready to file papers and start the next chapter of your life, you should strongly consider speaking with an experienced legal professional.

Source: NBC News “‘Til death (or economic recovery) do us part,” Martha White, May 14, 2013


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