Divorce Rates Decline as the Economy Enters into a Recession

With the United States economy in a recession, many unhappy couples are forced to hold off on filing for a divorce.  Although the stress of the economy may take its toll on a marriage, during these tough times couples may find themselves becoming financially dependent on each other.  Two major factors in this trend are rising unemployment rates and plummeting value of homes. 

News outlet MSNBC recently reported on this topic, finding that these tough economic times have left many couples wondering how they were to pay for two households, when they can barely afford to keep one marital residence.  In most instances real estate is the largest marital asset.  The disastrous real estate market is leaving many homeowners owing more on their mortgages than their properties are worth.  Many couples are resorting to holding out for an upturn in the real estate market, so that divorce expenses are covered and spouses can afford to go their separate ways.  In the meantime, feuding couples are forced to remain married, which may take a toll on their emotional well being.  http://www.msnbc.msn.com/id/27808110/.  

The attorneys at Leeds, Morelli & Brown, P.C., have seen first hand the negative impact a failing marriage has on a couple, and in some instances their children.  A couple that is forced to remain married and live under the same roof because of the financial hardship associated with getting a divorce places stress on the family.  It is important for a troubled couple to explore their legal options, to find the most cost effective way to end their marriage.  For any questions concerning domestic relations matters, contact an attorney at the Leeds Morelli & Brown P.C. law firm for a free consultation at 1-800-545-4658. Leeds Morelli & Brown, P.C.’s divorce website is located at www.lbdivorcelaw.com.