Colorado Divorce Rate Drops With The Economy
The Colorado divorce rate is dropping, in line with worsening economic conditions
. The divorce rate in Colorado has dropped to 4.2 percent per 1,000 people, which has happened only once in the past twenty years. In 2007, the Colorado divorce rate was 4.4 percent, according to the National Center for Health Statistics. The latest data available are from 2009, and that news isn't good. Lawyers, investment advisers and marital therapists, all professions familiar with divorce, claim the drop is simply due to the fact that people can't afford to maintain two households, pay alimony or child support or pay an attorney to get a divorce.
In many cases, the house a couple shares is worth less than they paid for it, so there is no equity for either partner to start a new life on their own. And after years of struggling just to get by, many folks who otherwise would pursue a Colorado divorce are just tired, and can put forth the effort neither to make their marriage work nor to go through the lengthy, painful divorce process. According to the National Marriage Project at the University of Virginia, a pro-marriage institute that conducts the annual "State of Our Unions" report on the current health of American marriage, the number of financial stresses a couple encounters affects their degree of happiness in their marriage.
What used to be coveted in divorce settlements, the house, is now becoming a 'hot potato' for many couples who
divorce In Colorado. Million-dollar homes must be let go for pennies on the dollar, and that financial uncertainty means that people are more afraid about their future. That means that couples divorcing tend to fight more over settlements, which increases the costs of litigation and the costs of the courts and diminishes their settlements. The many decisions that must be made about settlements, alimony and child care are all complicated by multiple uncertainties about the economy, job prospects and property values, making it difficult for clients, attorneys and judges alike to figure out what is fair.
But the good news is that the recession has led many couples who'd otherwise hire an expensive
Denver Attorney and get started filing for a Colorado divorce to become more aware of how their wallets will be affected by the impending divorce process. If you are one of the couples who is considering a divorce, contact the Johnson Sauer Legal Group for affordable legal advice.
by: Roger Design
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