The divorce rate was slowly dwindling the past few years as more and more couples decided to work through their differences and stay together for financial benefits. Yet now that the economy has picked back up, individuals are getting jobs once again, and the income is rolling in, more and more couples are deciding it is time to untie the knot and move on with their lives.
A report in The Los Angeles Times claims that the coming house market is also a factor that has prompted this unexpected flurry of divorce fillings. It's not that money leads to unhappiness, but because couples who were already dissatisfied with their marriages felt compelled to stay together when they homes were at risk to foreclosure or when both parties were out of work.
Couples felt that they needed tax breaks to help afford life together, and needed dual income to continue supporting a family. When the recession hit and home values plummeted, couples had fewer assets and divorcing resulted in a whole different set of financial hardships. Now, the housing market has rebounded and interest rates are close to historical lows. Couples that have more wealth as they consider divorce are prepared to deal with the financial impact.
Home prices have skyrocketed as well, so divorcing couples planning to sell the house and split the profits are getting more for their money than they would have received several years ago. Marquette University completed a study on divorce trends recently and discovered that the phenomenon the economy and divorce trends are not rare. In fact, the trend was also seen in Britain in 2008 when the country's economy was devastated by financial crises.
Rising inflation and falling house prices during poor economies often put extreme pressure on marriages, but individuals did not have the finances to facilitate a divorce. Once the economy improves, many act on the feelings that built up during a time of financial strain. If you are currently considering a divorce now that you are in a time of financial betterment, then you will want to hire an experienced attorney to help you with your case. It is very important that you work through your financial situation and determine whether you live in a state where your property will be divided or if you are from a community property state where your expenses will be split in half.
Depending on your state of employment and the state in which you live in, you may be able to receive spousal support or alimony if you cannot financially provide for a reasonable standard of living on your current income. You will want to talk with your divorce attorney about your concerns and then learn more about your case today. Every divorce is unique, and without someone there to advocate for you the court may make decisions on your behalf that you do not prefer. By hiring a professional you can make sure that your side of the story is heard. Also, you will want work through any property division debates.
If you are currently stuck in a loveless marriage and are exploring options for divorce, don't hesitate to use this directory to find a divorce attorney near you. You shouldn't hesitate to set up consultations with some of your top picks and discuss the potential debates with child custody, child support, property division, alimony, and more. If you feel strongly that you and your spouse have arrived at irreconcilable differences, then file soon, as this is a prime time to benefit from economic advantages.