Share

Smith Welch Webb & White Blog

Tuesday, February 10, 2015

Family Law Attorney Explains Why a Better Economy May Mean More Divorces

Our economy continues to show signs of improvement, and many people are feeling more confident that they can make highly anticipated purchases they’ve been putting off for years.  This means that it’s finally time to get that new car, new appliance… or the divorce you’ve wanted for a long time.

As a family law attorney serving clients in the greater Henry County area, I can attest to the fact that divorce rates can be cyclical.  January is commonly cited as the start of divorce season (read this for details).  And during the recent economic downturn, it was hard for many couples to divorce because it meant making a financial commitment to maintain two separate households.  Last year, Johns Hopkins University sociologist Andrew Cherlin was often quoted as saying, "The divorce rate dropped during the Great Depression not because people were happier with their marriages, but because they couldn't afford to get divorced."

How does the economy affect the divorce rate? 

A poor housing market makes it less than optimal to sell jointly-owned real estate and was often a hurdle for many couples looking for a fresh start.  And because divorced women are more likely than married women to be looking for employment due to economic necessity, and a high unemployment rate made it difficult for many women to jump back into the job market. 

You can’t put a price on happiness, but unfortunately many items that come along with pursuing a better life path do come at a price.  But today, more people can afford to pursue happiness as the unemployment in Georgia continues to maintain a healthy low rate and housing prices are on the rise.  Spouses that have been considering divorce for years finally have the opportunity to divide up their assets and begin creating separate nest eggs for themselves. 

Are you considering a divorce, but not sure where to start?  

A great first step is speaking with an experienced divorce attorney before filing.  I have worked with many clients to define their goals and create a specific game plan for their case before filing, which helps anticipate next steps throughout the process.  Every divorce is different, and with that in mind, we can help you successfully navigate the road ahead.

For more information on divorce and other family law matters, email Megan Pearson at mpearson@smithwelchlaw.com or call 770-957-3937.  Megan is experienced in all aspects of family law, including divorce, legitimation, custody, child support and juvenile court matters. Smith, Welch, Webb and White is recognized as a premier law firm throughout the state of Georgia. Our team of experts routinely handles a wide range of legal matters, and will provide outstanding service for you, your family or your business.

 

Any representations regarding the law in this Blog is made available for educational purposes only as well as to give you general information and a general understanding of the law, not to provide specific legal advice. By using this blog site you understand that there is no attorney client relationship between you and the Blog publisher. The Blog should not be used as a substitute for competent legal advice from a licensed professional attorney in your state.


Archived Posts

2018
2017
2016
2015
December
November
October
September
August
July
June
May
April
March
February
2014
November
October
September
July
June
May
April
March
February
January
2013
2011


Smith Welch Webb & White serve clients throughout the south metro Atlanta area including but not limited to McDonough, Stockbridge, DeKalb County, Clayton County, Henry County, Peach County, Jonesboro, Spalding County, Butts County, and Lamar County.



© 2019 Smith Welch Webb & White | Disclaimer
280 Country Club Drive, Suite 300, Stockbridge, GA 30281
| Phone: 855-505-7999

Attorneys | Practice Areas | FAQs | Locations | Jobs | News & Blogs

Law Firm Website Design by
Amicus Creative


Make a Payment