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Bad Economy A Divorce Deterrent For Americans
Chicago, IL (AHN) – Along with jobs and salaries the economy is also having a downsizing the numbers of new divorce filings.
More than half of the respondents to the latest survey of the American Academy of Matrimonial Lawyers (AAML) are citing a drop in filings during the current recession.
Divorce creates a great deal of anxiety and fear, those emotions coupled with hearing statistics about 10 million Americans being unemployed is staving off bitter divorce battles in court for some couples.
“The current economic climate is proving to be far more unforgiving than estranged couples seeking a divorce,” said Gary Nickelson, president of the AAML. “Forced to weigh damaged marriages against tight budgets and uncertain financial outlooks, many spouses seem more willing to try and wait out the recessionary storm.”
However, some men see a bad economy as the prime time to file. For instance if their incomes are down then their alimony obligation will be lessened since it is going to be based upon their income. In the same token some women may think, “I better get divorced now before there’s nothing left.”
In Morris County, New Jersey between July 2008 and June 2009 the re-openings of divorce judgments went up by 8 percent as those who have lost jobs or are earning less. They turned to the court for help in reducing payments they could no longer meet.
Overall, 57 percent of AAML members reported a decrease in the number of divorce filings since the last quarter of 2008, while only 14 percent noted an increase in filings during these difficult times.
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