Portrait of John K Grubb

Texas Divorce and Prenuptial Agreement

5005 Riverway Drive, Suite 450 • Houston, Texas 77056

Phone: 713-877-8800 • Fax: 713-877-1229

U.S. Divorce Rates on the Rise, According to Marriage Data

According to Associated Press, the American divorce rate is on the rise, after falling in 2008 and 2009. A rise in the divorce rate could be a sign that the US economy is recovering. Linda Lea Viken, the president of the American Academy of Matrimonial Lawyers said that Americans were afraid to get a divorce due to potential high risk of losing jobs and splitting assets in a bad economy. The divorce rate dropped 24 percent in 2008 and 57 percent in 2009.

According to recent figures, America has the world’s highest divorce rate, with 4.95 divorces for every 1000 individuals. The marriage rate is 9.8 for every 1000 individuals, according to the U.S. Census Bureau. In past economic downturns there was less separation and divorce. However, economic troubles also lead to fewer marriages, as couples were holding off due to financial uncertainties.

A Pew Research poll taken at the end of 2009 found that some 15 percent adults younger than 35 years old postponed marriage because of the recession while 14 percent said they had delayed having a child due to economic recession. The latest figures show a sharp drop in the divorce rate between 2007 an 2009.

Divorce can be expensive. A divorce can cost as little as few thousand dollars, depending on the value of the property that must be split up, and if there are children and custody agreements. A recession may force a couple to split up but not legally divorce, sometimes even living in the same house but in different quarters.

People also delay divorce because they are unable to sell a home due to poor housing prices. Many mortgages in a recession are worth less than the value of the home, therefore it makes economic sense to hold off on dividing the asset.

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