ANALYSIS, COMMENTS, THOUGHTS, AND OTHER OBSERVATIONS IN DR. SKOSPLES' NATIONAL INCOME AND BUSINESS CYCLES COURSE AT OHIO WESLEYAN UNIVERSITY
Saturday, December 11, 2010
The Seven-Year Recessionary Itch
This article relates and increase in divorce rates to the struggling economy. Divorce rates tend to increase the most for people who have been married for more than 5 years but less than 10. It is said that a recession will cause financial strain and puts more tension on the relationship, while in times of economic booms marriages do well while neither spouse feels the strain of the economy. For couples who have been married for more than ten years it is believed that money has less to do with their stresses, plus a divorce would be more expensive to them.
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This is interesting. I think I remember hearing that divorce rates actually dropped early in the recession, because at that point people couldn't afford the cost and financial insecurity of a divorce. If that's true, I guess it just changed over time.
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