Zuba & Associates, P.C.

Divorce rates on the rise as the economy recovers

Previous wisdom held that in times of economic struggle, marital bonds would be weakened and relationships would fail at higher rates. When looking at the statistics on the subject, however, a different trend emerges. It appears that when times are tough, divorce rates actually decline. There are a number of ways to interpret these statistics, and some Illinois spouses may find their own scenario mirrored in the theories surrounding divorce and financial hardship.

Researchers who look at divorce rates in comparison to financial measures do not always agree on the reasons driving the numbers. Some hold that when times get tough, spouses strengthen their bond in order to get through a difficult financial patch. This view makes the assumption that couples who face money troubles will grow closer while addressing these issues, and that their marriages will be made stronger as a result.

However, a different view looks at the fact that while divorce rates decline during financial downturns, it rises again when economic conditions improve. This can be interpreted to mean that couples who stay together during a recession or depression are doing so out of necessity, not a desire to remain married. When things improve, these couples seek the divorce that they would like to have had some time back, but simply couldn't afford.

For those in Illinois who are preparing to divorce, finances are always a top concern. The economy continues to improve, and divorce rates are on the rise as a result. When moving through the process of divorce, it is important to ensure that you reach a settlement that is fair and balances, and allows you to move forward in life with a measure of financial security. The best way to reach those goals is to make sure you are fully informed of your rights under Illinois law.

Source: hub.jhu.edu, Recent U.S. divorce rate trend has 'faint echo' of Depression-era pattern, Brandon Ambrosino, Jan. 29, 2014

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