Most people would not ever think of the terms ‘divorce’ and ‘recession’ in the same sentence, but the fact of the matter is that one of the fears that people face when they consider ending their marriage is financial in nature. Men especially are concerned about what they could lose in a divorce, and those numbers have been reflected in recent times by way of a dropping divorce rate both in California and around the United States.
Specifically, the divorce rate in the United States sat at 7.4 per 1,000 marriages in 2006, which was just prior to the current recession. That number had dropped to 6.8 per 1,000 marriages by 2009, which is the year that many financial experts think of as the height of the recession. While this may seem like a small number, it reflects the fact that millions of people may be hesitating to end their marriage because of these financial concerns.
In addition, the National Marriage Project at the University of Virginia recently concluded a massive and thorough study of married couples across the United States. One of the most stunning findings in this study was that as many as 38 percent of people who had been or who would otherwise be considering a divorce or a separation had put those plans on hold because of the recession and resulting financial concerns.
San Diego Men’s Divorce Lawyers
While it may seem like a responsible choice for those in this situation to wait for their financial situations to improve, for many others choosing to continue to live in misery may cost more than any potential savings are worth. This is especially so when there are other options to California divorce, including divorce mediation and negotiated settlements to a marriage that avoid the cost and time delays of litigation.
If you are considering putting an end to your marriage but you’re concerned about the potential financial fallout, seek the help of San Diego men’s divorce lawyers who can introduce you to alternatives to litigated divorce in a low-cost initial consultation. Contact the Men’s Legal Center today to schedule that initial meeting.