Grave financial times have typically been busy times for California divorce lawyers. Any Los Angeles family law attorney will tell you that many marriages will collapse under the strain of financial troubles, like those brought on by the recession. However, a new report by the University of Virginia shows that a small percentage of marriages have not only survived the onslaught of the recession, but have actually thrived.
According to the National Marriage Report by the National Marriage Project at the University of Virginia, although many American couples have found their marital bonds weakened under stress since the recession, others have managed to strengthen their commitment to their marriage vows as a result of their financial troubles. Not only have many couples found that the recession has strengthened their commitment to each other, but among those couples who were considering a divorce before the recession, many couples have actually postponed their plans for a divorce.
According to the report, approximately 29% of married Americans said that the recession had brought heavy financial stress on their marriages. However, the same percentage of Americans said that the decision had caused them to deepen their commitment to their marriage. Approximately 38% of those Americans who were planning a divorce before the recession, said that the recession caused them to put aside their plans.
The analysts also rated the respondents as being at a high risk for divorce on a scale of 0 to 10. About 16% of married Americans who said that the recession has caused great financial stress also had a high divorce rate, compared to just 7% of those couples who did not believe that the recession has caused great financial stress.
Some of the most common economic worries among couples were being able to pay bills (34%), and make mortgage payments (12%). Interestingly enough, the recession is most likely to damage those marriages in which the partners do not have a college degree.
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