Study: Divorce Rates Decreased During Great RecessionNovember 24, 2012
Findings from a new study showed the divorce rates in the United States dropped during the Great Recession, but are beginning to rebound.
The study, conducted by Dr.¬†Adbur¬†Chowdhury¬†at Marquette University titled, “Til Recession Do us Part: Booms, Busts and Divorce in the United States,” is scheduled to be published in the first part of 2013 in the journal Applied Economics Letters.¬†Dr.¬†Chowdhury said he found, after studying data from 45 states, the divorce rate began to decrease in the early spring of 2008 and he is finding the trend is beginning to reverse itself.
According to the study, during the Great Recession, few employment opportunities along with reductions of the value of marital assets like properties seemed to keep couples together for the time. The study also found a correlation between levels of disposable income. In particular, the more disposable income available, the higher the divorce rate.
As the recession began to ease up more, the rates then increased suggesting that the downturn just delayed, not deterred divorces during the hardest part.¬†
If you are in need of a Missouri divorce attorney, call today to discuss your situation with a caring, experienced attorney.