We Were Both Young When I First Saw U The Average Cost of The US Divorce

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The Average Cost of The US Divorce

As we all know divorce brings you to a point in life where you logically die – even if you are physically alive. Or in other words divorce means death of marital relationship. The aftermath of divorce undoubtedly destroys someone so badly that it can take years to get back on their feet.

Earlier we discussed the emotional cost of divorce which is the death of love and loss of respect, isolation, stress, restlessness, developmental regression, physical deterioration, low self-esteem, lack of trust, cynicism, anger, bitterness. , feelings of inadequacy much more.

“I want to separate from my partner”, “we are not compatible” or “we are not a good match” are the phrases we hear from young married couples today. Well, this group of people has a mindset that tells them that by divorcing they are putting an end to marital bliss and that by divorcing they can get rid of abuse, oppression and abuse of their spouse. But literally speaking, they are simply replacing one set of issues with another, especially in cases involving minors. Coming out of the divorce you will see them completely different and their life will turn upside down.

Related to the previous topic, a question arises in our mind that why divorce, break-ups, separation and unhappy marriages are becoming so common in today’s world? Divorce used to exist but on a relatively small scale. It is so clear that children who see their parents divorce are growing up as a broken generation with many problems that become a part of their lives. They are further scarred when their parents remarry. And quite clearly when abused children grow up in an environment where such treatment is now more likely to be called “no problem” or “fashionable”, they will follow suit and behave accordingly when they get married, and so the cycle continues. This is a very staggering cost that our entire country is bearing.

We have seen that the emotional toll of divorce itself is no less than a great loss but its financial cost is also dire with devastating consequences.

Government fears are growing due to the rising cost of divorce. In the United Kingdom, studies show that the government gave out just £178 million in legal aid last year, of which just £9.2 billion was spent on helping people cope with the shocks of independence. Other expenses were spent on childcare and were estimated to be up to £1.3 billion.

Whereas in the United States, the average cost of a divorce varies by estimate from $10,000 to $20,000. A recent study assessed that marriages ending in divorce are very costly to people; In addition, it found that one divorce costs the federal government about $30,000, based on increased use of food stamps and public housing, as well as increases in bankruptcy and juvenile delinquency. The United States nation’s 10.4 million divorces cost taxpayers more than $30 billion. When studied strictly, the costs that taxpayers are paying to the government include child support enforcement costs of $37.7 million, domestic violence program costs of $9.7 million, and child abuse and neglect costs of $113.4 million while not including any welfare benefits for dependent mothers. Reducing divorce rates in any measurable way would save taxpayers a great deal of dollars.

Professor of Sociology Steven Nock and U. Iowa law and economics professor Margaret Brinig was the first to study the subject. They found that court proceedings can drag on for a year or more because the costs of divorce are too high for the average person. They also calculated that $175 billion is spent annually on divorce, mostly on litigation.

Divorce has become a very big and successful business in the United States. Divorce is a $31 billion-a-year industry with an average cost of about $20,000, according to the website Ready for Divorce and Remarriage.

Among many, one of the major reasons being recognized is the relationship between the emotional pain of divorce and its financial impact. There is no doubt that divorce causes mental depression and emotional instability. Divorced men and women have nearly three times the rate of depression than married couples who have never divorced, studies have found. When one or both spouses request a divorce, the stress, attorney appointments, and time spent building a new life can result in dramatically reduced job performance and productivity. It’s not unreasonable to say, “If you hire a divorce attorney today, you’ll be hiring a bankruptcy attorney in two or three years.”

The cost of divorce, be it emotional or financial, can be significantly reduced and controlled if both spouses (petition for divorce) or both agree to the entire divorce process, without rushing and controlling their anger, as in most cases divorce occurs. The destructive attitude of the spouse towards the other increases the cost in terms of frequent meetings for counselling, consultation and other court proceedings.

The costs of divorce can be further reduced financially; Carefully reviewing your will, taking into account existing insurance coverage, canceling all joint bank accounts (credit cards) and improving retirement assets.

Not far away from this miserable world of divorce, there are couples who are dealing with it and there are very few winners like them. Basically they are what we should look at. The emotional pain and suffering, as well as the cost in dollars and cents, can be extreme. The process can go on for years. However, by cooperating, understanding each other and learning the rules, you can both come out in a better position.

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