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McCurrie McCurrie
& McCurrie, L.L.C.

680 Kearny Avenue
Kearny, NJ 07032-3010
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Effects of recession still being felt in marriages

Now that the economy is rebounding from the recession, an unexpected side effect is appearing: more people are getting divorced. Though it may seem curious at first glance, many family law experts have noted that it makes sense. Divorce is an expensive process that sees the property of the couple divided in two, with one half going to one spouse and the other half going to the other. Think about it: Would you rather get divorced when you have a semblance of financial security or when your financial future is completely uncertain?

Many people in New Jersey chose to remain married during the recession due to the general economic climate of the U.S. People lost their jobs and needed every advantage they could get, thus this is the reason a number of unhappy couples stuck it out. Another reason for this was the housing market crash. Countless couples saw the values on their homes disappear practically overnight and with it, their most valuable asset. Now that the bad weather has passed and the sun is beginning to shine on the economy once more, many people have seen some value return to their properties. This means that there is actually something to divide in the divorce, giving people who are finally ending their marriages the ability to move on with some sort of wealth in tow.

Interestingly, there may be some marriages who became victims of the pressures present during the recession. Feeling afraid for the future and robbed by the past, it would come as no surprise if a wife or husband let his or her feelings be known to a spouse. Of course, some individuals do not know how to communicate their emotions well, especially during a crisis, and it's probable that some people put the blame onto their spouses. This only added to the damage that the recession already caused and continues to cause, despite having been declared over for several years.

Los Angeles Times, "Divorces increase as improving economy makes split-ups affordable" Stuart Pfeifer, Sep. 18, 2013

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