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March 18, 2010
Financial Fights That Can Lead to Divorce
Divorce filings have dropped or remained the same in most states during the economic downturn that took hold from 2006 to 2008, according to the National Center for Health Statistics. In some states — New York, Connecticut and Massachusetts – divorce filings fell by at least a third.
Much has been written about how tough economic times have forced couples to postpone divorces. They just can't afford it. Legal costs and accountant fees grow as a union dissolves and a two-income household lives cheaper than a two-household pair of singles.As the economy improves, we will probably see divorce rates creep up. But even if money woes are keeping couples together, financial disputes remain the root cause of irreconcilable differences.
Here are seven common financial issues that can lead to divorce:
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