Upon news of Trump’s new status as President-Elect, the stock market went haywire. The market reacts negatively to uncertainty and as one CNN reporter put it “Trump is uncertainty on steroids.” While I, and many of my fellow Americans certainly may felt shocked, this type of stock market downturn on election day isn’t that unusual.


“Many investors worried that a Trump win would be bad for stocks” says the same CNN report. And if the economy does take a downturn; what does that mean for our overall divorce rate in this country? There are many factors that can lead to divorce, but when it comes to the economy and divorce here are generally two schools of thought;


One theory suggests that recession may contribute to a rise in divorce because of the increased financial pressure on couples and the employment and lifestyle changes they could bring about. Others individuals may make the choice to seek a divorce while their income is low, particularly where they expect it to rise shortly thereafter.


An alternative theory suggests that couples would be less likely to dissolve their marriage in an “unfavorable economic climate because of an increase in family solidarity during difficult times and the need to postpone marital break-ups until the economy, and the value of their home improves.” Quotes the Independent.


According to LA Times however, during the last recession the divorce rate actually took a significant drop. Seeming to back up this later theory. This drop in divorce was viewed as the “silver lining” to the last recession with experts noting that a similar outcome took place in the 1930’s.


Of course, only time will tell what happens to the US economy under this most unusual new leader, and in turn how we will see the new wave of uncertainty effecting Washington couples and their marriage choices.


For all of your family law and divorce concerns contact our Attorneys at Elise Buie Family Law Group, PLLC.

STAY UP TO DATE

Subscribe to our newsletters

 
Subscribe to one or more of our newsletters, delivering meaningful insight on topics that matter to you and your family.

FURTHER READING

Latest Blog Posts

There are various ways to plan for the handling of your remains after death, as we discussed in Part I of “How to Handle Remains in Washington State.” What option you choose will likely turn on some combination of your…

Death is a part of life. Like taxes, there's no avoiding it. Also, like taxes, you may not like thinking or talking about the subject. However, if you think about death and how to handle your remains from a planning…

Every child deserves love, stability, and consistency. Is there a child in your life that you have considered adopting, perhaps because they are the child of your spouse or a child you are fostering? Perhaps there is an adult in…

The thought of losing your home or its contents in a disaster is a scary thought. Loss of life, destruction of irreplaceable items such as home movies, photos, and heirlooms make it unconscionable. But as we know in life, sometimes…

Spoiler alert: If you’re doing everything around the house (or at work) because you’re living (working) with a bunch of incompetent fools, or so they’ve led you to believe they are, you’re being manipulated. So pervasive is this phenomenon, there’s…

If you've created an estate plan, you've already spent a good deal of time thinking about what will happen to you if you become sick, incapacitated, or die, including where you will go (literally) when you die. After all, you don't want your…

If you're 18 or older and live in Washington State, you can legally change your name to anything you want as long as you're not doing so to commit fraud. For example, if your goal is to change your name to evade…

Your estate plan should ensure your special needs child experiences the best quality of life they can, that the assets upon which they will rely will last as long as possible during their lifetime, and that their eligibility for public services will be maximized. Learn more.

Popular culture is using the moniker "America's daughter" to describe Gabby Petito because she could've been any of our daughters. Learn how to talk to your daughter about the signs of domestic abuse.

When a couple decides to divorce, and one spouse is unable to support themselves, spousal support becomes a hot-button issue. Learn how to mitigate conflict and move forward.