How Bad Does The Recession Effect Your Divorce? 

Recession is hard on families trying to scrape by on over extended incomes. It can be one of the leading causes for divorce, and once couples start down the divorce path, it can  be the leading cause for most of their frustration.

Nobel Prize winning economist Gary Becker performed a study on the effects of income in marriage back in 1977.  What he discovered was that any change in income, positive or negative, makes a family more susceptible to divorce. In today's tight times, this has given several couples reason to split.  Divorce lawyer Daniel Clements has seen a big boost in business lately.

The real estate crunch hasn't helped either. Jane Fahey, a retirement planner in Lansing reports that many of her middle aged clients (both men and women) are moving back in with their parents because they can't afford housing after a divorce. The house is traditional asset in a divorce, but it's now becoming the biggest boat anchor dragging divided couples down.

These are questionable times.  Many couples are divorcing, but others are trying to ride out the recession if for no other reason than to get a better split at the other end. The good news is that divorcing couples are putting more money back into the system.  It could help stimulate the economy, and create a boom for other goods and services.  Divorce lawyers certainly aren't worried about the recession.

Source:  www.forbes.com