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How the Rise and Fall of the Economy Affects Couples' Decision to Divorce

How the Rise and Fall of the Economy Affects Couples' Decision to Divorce

In the wake of the economic recovery, the divorce rate, which dipped during the recession, appears to be on the rebound.

History shows the rise and fall of the economy influences divorce rates. As unemployment rates rise, fewer divorces are filed. During the Great Depression, the divorce rate went down. As the Great Depression lifted and more people found jobs, reports show the divorce rate went back up. The same patterns have been seen recently. Federal figures suggest the divorce rate fell about 7 percent between 2006 and 2009, when the economy was at the peak of the recession. Now that we are experiencing economic recovery, more people are going through with divorces.

During seasons of economic distress, couples may decide to postpone divorce, even when they are in an unhappy marriage. One reason is divorce is expensive. Some couples may find it financially unfeasible to separate the household. Each spouse worries about paying the bills on his or her own. Some couples decide to sell their home before divorcing.

Although divorce has been on the decline in recent years, a number of couples report that the recession actually strengthened their union. Still, money issues are notoriously tough on marriages. The recession created both financial and emotional difficulties for many couples, in Ohio and throughout the U.S.

Many experts believe that a healthy marriage is the key to a healthy economy. Studies have shown divorce negatively affects productivity, which, in turn, places a burden on the economy. Furthermore, as the income of a married man increases, studies show that the rate of wage gains drops considerably for a newly divorced man.

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