COVID-19 Update: We are open and serving our clients
Published on:

Economic Recovery Spurs Increase in Divorce Filings

As the U.S. economy slowly recovers from recession, couples who may have put off seeking a divorce for financial reasons are now finalizing divorce proceedings, according to a recent report from ABC News.

During an economic downturn, spouses often find that financial problems keep them together when, in better circumstances, they might choose to separate. A couple considering divorce might find, for example, that their home equity has decreased or that a family business is not bringing in the revenues and profits it once did. In order to save money, couples may choose to remain together to weather out tough economic times. Such appeared to be the case in recent years, when a slumping economy and a declining divorce rate went hand in hand.

In the first months of 2011, the economy bounced back a bit. Divorce filings followed suit, increasing 25 percent or more in some areas of the country, according to ABC News. Although some couples chose to file for divorce even during the recession, those who could afford to wait did so. Some couples, however, are still stuck with mounting bills and unemployment that make living together the best option for the time being.

Divorce proceedings frequently deal with splitting up the assets and the debts that spouses have collected together during their marriages. The experienced New Hampshire divorce lawyers at Tenn And Tenn, P.A. know how to evaluate your financial situation and help you receive what you need to move forward with your life. For a confidential consultation, call Tenn And Tenn, P.A. today at 1-888-511-1010.

Contact Information