Friday, February 11, 2011

Recession and Divorce

Recently, the University of Virginia's National Marriage Project issued a report titled, "The Great Recession and Divorce."

The Report can be found here:
http://www.virginia.edu/marriageproject/pdfs/NMP-GreatRecession.pdf

The report contains some interesting findings such as:

1.  About 29 percent of married Americans—the same amount who agree that the recession brought financial stress to their marriage—agree that the recession has caused them to deepen their commitment to their marriage. Only 13 percent disagree with this statement, while another 58 percent neither agree nor disagree with it.

2.  The recession also appears to have staved off divorce in some instances. Among married Americans who say they were considering divorce or separation prior to the recession (about 5 percent of all respondents in the survey), 38 percent say that the recession has caused them to put aside divorce or separation.

3.  Still, the financial stresses of the recession have had a negative impact on Americans’ marital happiness. Married Americans who have been relatively unaffected by the financial downturn—those who report low levels of financial worry, no trouble paying their mortgage, and no employment setbacks—are the most likely to report having a very happy marriage (43 percent). Those who have experienced one stressor do not lag far behind these other Americans in marital happiness—39 percent report a very happy marriage. But those with two or three financial stressors are far less likely to report a happy marriage: just over one quarter of these Americans (27 percent).


There is no doubt that financial stress plays a factor in the both the happiness of a marriage and the subsequent divorce rate.

Jason Pistiner, Esq.
SINGER PISTINER, P.C.
602-264-0110
jp@singerpistiner.com
www.singerpistiner.com

1 comment:

  1. Really shocking figures these are by this is fact. I am really surprised with it. Thanks for share such information.

    ReplyDelete