Honey…I Got a Job, Can We Get Divorced?

Despite the ongoing instability of the federal government, small economic improvements are taking hold in communities across New York and the United States. If household incomes increase, is it likely the divorce rate is going up, too?

In 2012, the Pew Research Center suggested trends occur during recessionary times, including:

• Tendency for a drop in birth rate
• Move toward cohabitation and multi-generational households
• Increase in number of adult children living at home

Anecdotally, some suggest divorce rates declined in recent years of the Great Recession for reasons that include:

• A devastated housing market reduced or eliminated equity available from a house sale. Couples defer divorce until sale of their primary asset can return some of their investment.
• Lost jobs and health insurance provide an incentive for couples to remain together because two people can live together more cheaply than one.
• Divorce can be expensive.
• The stresses of economic downturn can spark renewed commitment between couples to survive and thrive.

An improved economy might fuel career and marital mobility. A new job elsewhere offers a chance for a new start — without a marriage that has lost its magic. As building starts resume, people start thinking about rebuilding their lives.

If you weathered the recession in a marriage that was heading for divorce before that time, you may be ready to move forward.

Even with small economic improvement, building a stable emotional and financial future for yourself and your family means seeking experienced legal advice now. When you have questions about divorce in Long Island, call Bryan L. Salamone & Associates, P.C.