Economic Recovery May Increase Divorce Rate
Could the #1 trend of an economic recovery be a higher divorce rate? In today’s economy, many spouses are forced to stay together and try to work things out as the cost of divorce (both financial and emotional) is unaffordable. However, if history repeats itself, the Great Depression saw a decline in the divorce rate but as soon as the economy turned, so did spouses….away from each.
A survey conducted by the Institute of Divorce Financial Analysts found that 68% of its’ members “have seen clients who could not afford to get divorced due to recession-related financial problems.”
It is my hope as a fellow wise woman that we take the steps necessary to protect our physical, emotional and financial welfare. A wise woman investor knows where she stands!
I hope these statistics are wrong because when the economy turns around, a depression of other sorts will rise!