While economic struggles can increase tensions on a marriage, those forces can also keep couples together longer than they would if they were in a better financial situation. A recently released study slated for publication in Applied Economics Letters takes a close look at divorce trends in American society, and how they shift along with economic factors. The results suggest that many people in Texas and across the nation stay married longer than they would like to due to economic hardship.
The study looked at divorce rates between 1978 and 2009, pulling data from 45 states across the nation. Those statistics were then aligned with unemployment rates and overall economic data. Researchers found that divorce rates tend to decline when the economy is struggling, then rise as the economic outlook improves.
The author of the study asserts that economic struggles lead many couples to try and work out their relationship. This is often an economic decision as much as an emotional one. The realities of the expense of dividing one household into two plays heavily into a decision to try and work things out. Revealingly, when the economy improves, many couples abandon these efforts and file for divorce.
For Texas couples who are waiting for their economic condition to improve before filing for divorce, it is important to realize that divorce does not have to be financially devastating. It is possible to work in a collaborative manner to keep the expenses down. Finding a professional who is willing to work with you to reduce the costs of ending a marriage can help spouses begin their new lives in as stable a financial position as possible.
Source: The Marquette Tribune, “Divorce rates lower during recession,” Melanie Lawder, Nov. 20, 2012