The recession is taking its toll on more than just the unemployment rate.
It's no secret that in these tough economic times, the housing market
has taken a hit. Not only are people falling behind on their mortgage
payments, but some homeowners are even upside on their mortgages. Many
homeowners in this situation struggle with feelings of shame, embarrassment,
and a diminished sense of self-worth. But the housing crisis may be taking
it's toll on more than just homeowners' feelings and emotions.
Several reports are suggesting that unhappily married couples are staying
together solely because of their economic situation.
This actually makes perfect sense. Even in a strong economy couples worry
about how a
divorce will affect their finances. But with many Americans out of work and countless
homeowners behind or upside down on their mortgages, people are now really
thinking twice about filing for divorce. For some couples, it's just
not financially possible to get a divorce. They may not be able to support
themselves solely on one income, or maybe they cannot afford to make
child support and
alimony payments. And because of property division laws, other couples my refrain
from filing for divorce because they don't want to incur their spouse's
debt. Another reason people are staying in an unhappy marriage? Without
being able to recuperate a large return from selling the marital home
(either because the home drastically decreased in value or because the
homeowners are upside down on their mortgage), people do not have the
finances to lead separate lives.
No one should feel trapped in an unhappy marriage if they truly want a
way out. If you and your spouse are hesitant about filing for divorce
simply because of your economic and financial situation, please take a
moment to contact Lawrenceville divorce attorney Douglas N. Fox. There
are always options and alternatives to consider that Mr. Fox can discuss
with you to help you find a way out of your current situation. To learn
more, please feel free to
contact the office today at