Can’t Afford to Divorce?
Divorce may be difficult, even under the best of circumstances. And according to the National Marriage Project at the University of Virginia, historically, the number of filed divorces decreases during times of economic decline. Their study shows that among married Americans who were considering divorce or separation prior to the recession, 38% said the recession caused them to put aside or postpone their plans.
Deteriorating home prices, unemployment, increasing health care costs, declining values in investment and retirement accounts, the inability to pay off debt, and a need to band together in tough times may all add to the challenges of breaking up and splitting assets. Read more…
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