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Economy on the rise as evidenced by rising Texas divorce rates

Wednesday, June 20, 2018

Divorce rates are on the rise across the nation, leading some economic pundits to believe this points to an improvement in the overall economy. Texas divorce rates have been slowly gaining ground, in tandem with the rest of the country since the recession began to ease off and the economy started to improve. Contrary to popular opinion, some observers note that trying economic times may incite some couples to stay together despite their better judgment in order to maintain economic stability.

As of 2009, divorce rates across the company were at their lowest in 40 years. Some economists attribute this to the challenges associated with asset distribution as part of a divorce agreement. Divorce means changing standards of living and the incurring of new expenses in day-to-day life, and those changes are not always feasible or sustainable in a struggling economy.

One such example is a couple who co-own a business together. After 35 years of marriage, they felt their relationship was at an end. The precarious financial market motivated them to forgo divorce in the interest of protecting their company, which may not have survived an asset split at that time. However, as the economy recovers, the couple in question are now free to pursue their divorce and move on with their lives.

Texas divorce is not an easy process from an emotional standpoint, and the addition of financial worries to that equation can make it even less attractive. As the American economy returns to a more stable footing, many believe we will see a rise in divorce rates again. Couples who stay together for financial reasons are not making the "wrong" decision, but it will certainly benefit some of them to be able to revisit the option of divorce when personal finances permit.

Source: sfgate.com, Worsening Divorce Rate Points to Improving U.S. Growth: Economy, Steve Matthews, Feb. 18, 2014

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