Can You Afford a Divorce?
The economy appears to be downsizing the frequency of divorce cases, along with jobs and salaries. More than half of the respondents to the latest survey of the American Academy of Matrimonial Lawyers (AAML) are citing a drop in filings nationwide during the current recession. In all, 57 percent of the attorneys have noted fewer divorce filings since the last quarter of 2008.
“The current economic climate is proving to be far more unforgiving than estranged couples seeking a divorce,” said Gary Nickelson, president of the AAML. “Forced to weigh damaged marriages against tight budgets and uncertain financial outlooks, many spouses seem more willing to try and wait out the recessionary storm.”
Overall, 57 percent of AAML members reported a decrease in the number of divorce filings since the last quarter of 2008, while only 14 percent noted an increase in filings during these difficult times.
to learn more about AAML, visit their Web site.
