Mo Money Mo Problems: Growing economy leads to more divorces

Looking to diversify? Need a growing area of law to jump into? Try divorces.

In a romantic Valentine’s Day story, NPR reported that, as the economy improves, more people are getting divorced.

In a grim sign of the economic recovery, the divorce rate, which dipped during the recession, appears to be on the rebound.

Divorce is expensive, so when the economy tanked, a lot of unhappy couples decided it just wasn’t the time to split. Some held off when they couldn’t sell their home. Federal figures suggest the divorce rate fell about 7 percent between 2006 and 2009, and divorce lawyers across the country saw business dry up. But that’s changing.

“I would say that over the last six months, the activity in our firm has probably picked up by 20, 25 percent,” says Sandy Ain, a divorce lawyer in Washington, D.C.

Ain said business is so good that he can’t see all of the people who call him. (Yes, it’s a him.)

It seems divorces have been down in recent years. The reason is unknown but …

Brad Wilcox of the National Marriage Project says a lot of couples report that the recession actually strengthened their union.

Strengthened their union? Or living with someone you’ve grown to despise is cheaper than divorce and more legal than murder?

Still, money woes are notoriously tough on marriages, and Wilcox says the recession has hit lower-income Americans hardest.

You don’t say. (BTW, the National Marriage Project is not what you might think it is. It’s a University of Virginia study on the health of American marriages.)

In a survey released this week, Wilcox finds that married people without a college degree are twice as likely to say they are thinking about divorce.

Also: married people with a college degree are twice as likely to know what is. (NSFW. Can’t link to it. Sry.)

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