Bad economy? A good time for a steamy affair
You might think that the divorce rate would spike during a recession but in fact, it's been pretty consistent around 50% for the past five years, said Ken Altshuler, president-elect of the American Academy of Matrimonial Lawyers.
That number briefly dropped to about 35 to 40 percent for about six months during the recession as some starry-eyed lovers tried to hang on, but then shot up to 60 to 65 percent for the next six months as those hangers-on caved under the weight of the added financial stress that came with the recession. But since the spring of 2010, as the economy has shown signs of recovery and then faltered again, that number has remained consistent at around 50%.
MORE: 10 most divorced states STORY: 9 major money mistakes that can derail your marriage MORE: Prenuptials can help avoid separation anxiety for couples"People have just accepted that the new normal is a bad financial situation," Altshuler said.
What has changed, however, is how people divide up the marital assets. The home used to be a couple's biggest asset, now for many, it's their biggest debt.
"I have seen a huge number of clients losing their homes to short sales or foreclosures and I really thought the down housing market would decrease divorces," Altshuler said. "It hasn't had one iota of change on divorce filing but it has dramatically changed property settlements."
With new bank rules, it now takes from six to 18 months for the bank to foreclose on a property, when that process used to just take six months. As a result, he said, some couples are getting creative and having one spouse stay in the home through the foreclosure process. Not having to pay the mortgage, reduces a huge burden — and stress — on the family. That way, the other partner has more money for spousal and child support.
Other couples are turning to what's called "nesting." That means that the family keeps the house and the kids live there full time. The now-divorced parents take turns living there based on when it's their turn with the kids. They might stay with friends during the off time or a shared apartment.
Recession Proof And Careers And Businesses - News
That was before the recession hit. "I think I might have been on KING 5 television saying I thought we were recession proof and I was wrong," says Thompson. "We just had to trim any fat and I never really felt like we had a lot of fat," she says.
(Reuters) - Traditionally recession-proof, US industrial distributors such as WW Grainger Inc and Fastenal Co are looking to make deals and expand their product range to take advantage of the market slowdown. These firms use sales representatives,
"We're not a recession-proof business, we're a recession-growth business," said Noel Biderman, CEO of Avid Life Media, the parent company of Ashley Madison. "Everyone looks for a temporary way to feel better about themselves," he said.
It's going to be ridiculously tough getting a job.” Did I listen to them? Nope. Should I have? Yup. As handful of my college peers were hired by big companies like Amazon, Accenture, Deloitte and Microsoft, a lot of us questioned how bright our futures
"There are certain industries that, while you can't say they're recession proof-- they're less sensitive to recession," said Rickard. "People always need healthcare." At helpwanted.com, a popular job search sight, of the more than 240 jobs posted
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