Divorce and the recession

It has become something of a cliché that divorce lawyers receive a flurry of enquiries on the first day back at work after the Christmas break. The stresses and strains of trying to keep several generations happy can be simply too much to bear.  The added financial hardship brought about by the current recession is proving to be the straw that breaks the camel's back with a struggling relationship.

Last year saw a five per cent growth in the number of divorces to almost 120,000, the first rise in the number for several years.

The rise has been attributed to a number of reasons about which there is much debate.  The Office for National Statistics had suggested that couples might be put off separating due to the negative equity in the housing market and the potential cost of running two houses.  Relationship breakdown brings many worries for couples regarding their financial security, the family home, where the children will live and even implications for a family-owned business.

Historically, divorce rates have always risen after previous economic recessions.  A number of charities, including Relate, claim that the combination of rising unemployment and the increased cost of living are creating financial strain on relationships and they are seeing a growth in the number of couples asking for help.

Redundancy and job insecurity all puts pressure on a relationship, particularly where the former breadwinner is unemployed for a prolonged period.  The expense of Christmas can simply add one more worry.

Every couple's set of circumstances is quite unique and if you are concerned about your financial security, then you really need to take advice from a specialist matrimonial solicitor.

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Published:

16 December 2011