With widespread layoffs again in the news, many Americans are realizing how many negative consequences are associated with losing a job. Of course, the most immediate effect is the income loss that can inflict immense financial strain on a household even when a fired worker receives severance pay and unemployment benefits. A termination can also be emotionally devastating as people often lose a great deal of their self-esteem if they’re out of work involuntarily. These factors and others contribute to a statistically significant increase in the risk of divorce following a layoff.
Empirical research covering 1990–2008 shows that marriages are more likely to end in the 24 months following a husband or wife’s layoff. One reason is that a sudden income shock can trigger conflict about budgeting, debt servicing, housing and parenting expenses. Agreements or assumptions that had been in place for several years often cannot withstand the impact of a job loss. While some couples are unified about the best way to cope with their new financial situation, many wind up in conflicts over which particular sacrifices should be made.
There are numerous different ways to react after a traumatic event like a firing, and some common responses can cause additional tension in a marriage. Some people turn to alcohol or drugs to deal with the pain or fill the empty days. Conversely, job-seekers looking for the next opportunity might want to make a radical life change by moving to different part of the country or going back to school.
As part of the study on unemployment, the researchers found that marriages are more likely to withstand one spouse’s period of joblessness in places where benefits are more generous. These payments can cushion immediate hardship and give couples the chance to make well-considered decisions about housing costs, childcare and other necessary expenses.
With patience and planning, many marriages do survive periods of unemployment for a husband or wife. However, there are also instances where the financial and emotional pressure exposes problems that might have existed for some time. Should you decide that it’s time to seek a divorce, don’t hesitate because you are concerned about that the cost when things are already tough financially. Choosing mediation rather than litigation to resolve differences is one way to lessen the economic impact of divorce.
Bryan L. Salamone & Associates, P.C. is the Long Island divorce leader, providing exceptional legal representation to clients across Nassau and Suffolk counties. To discuss your situation and options, please call 631-388-6009 or contact us online.