Divorce Rates Drop In Face Of Financial Difficulties
The current financial squeeze has cause many industries to constrict. One unexpected drop has been created as fewer couples file for divorce. It is it that the financial crisis has made it much more difficult for couples to sell jointly owned homes, plus the hardship of financing two separate households?
Grant Thornton's recently surveyed matrimonial lawyers across the globe. Of the 20,000 surveyed, over half said the number of divorces have decreased. One of the partners of Grant Thornton's Forensic and Investigation Service, Robert Kerr, said, "The reasons for the drop vary but certainly the financial carve-up that follows divorce settlements will be at the forefront of a couple's minds when contemplating divorce".
Gary Nickelson, President of the American Academy of Matrimonial Lawyers, (AAML) says, "For many spouses, the divorce process involves a great deal of long-term planning and waiting for better economic terms is often just another element of the overall process. A sudden drop in the net worth can effectively postpone the final decision from being made".
Earlier this year the Office for National Statistics in Britain stated that the number of divorces had dropped from 12.2 per 1000 couples in 2006, to 11.9 in 2007. That is a 26 year low. AAML shows there is an overall 27% decrease in the number of divorces registered.
A continuous decrease in divorces in the past seven years has been reported in Australia. The divorce rate is 23.6% lower than it was in 1986.
Julian Lipson, a British lawyer says, "The rate of marriage has dropped and therefore the rate of divorce has also dropped".
Other authorities believe the lower divorce rates are a reflection of 4 decades of increased government spending to deal with the effects of broken homes. This they say, has created a cultural change in attitudes towards marriage.
Is the world really heading for longer-lasting marriages, are couples pulling together more, or is it simply that financial considerations are at the base of the trend?
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