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The Average Cost of The US Divorce
As we all know, divorce brings you to that stage of life where you logically die even though you are physically alive. Or, in other words, divorce is the death of a marital relationship. The impact that the smell of divorce brings with it undeniably destroys one so badly that he/she can take years to get back on his/her feet.
Earlier, what we discussed were the emotional costs of divorce that occur in the form of death of love and loss of respect, isolation, stress, restlessness, developmental regression, physical deterioration, low self-esteem, absence of trust, cynicism, anger, bitterness, feelings of inadequacy more.
“I want to divorce my spouse”, “we are not compatible” or “we are not a good match” are the frequent phrases that we hear from young married couples today. Well, this group of people has a mind that tells them that by divorcing they are putting an end to marital unhappiness, and by divorcing they can free themselves from the tyranny, oppression and abuse of their spouse. But literally, they are simply replacing one set of problems with another, especially in cases where minors are involved. You will find that they come out of divorce completely different and their life will take a reverse turn.
Relating back to the previous topic, a question arises in our mind, why divorce, breakup, separation and unpleasant married life are becoming so much common in today’s world? Divorces existed in the past, but relatively on a very small scale. This is so evident that children who see their parents divorce grow up as a broken generation that has multiple sets of problems that become a part of their lives. They are further tainted when their parents remarry. And very clearly when abused children grow up in an atmosphere where such treatments have become “no problem” now or more likely to say “fashion” they will follow suit and act accordingly when they get married and so on the cycle. This is a very staggering cost borne by our entire nation.
We saw that the emotional toll of divorce itself is no less than any great loss, but its economic cost is also horrific and has devastating consequences.
There is growing government fear of skyrocketing divorce costs. In the UK, research has shown that the government alone provided £178 million in legal aid the previous year, of which just £9.2 billion was spent on helping people cope with the aftershocks of freedom. There were other costs spent on childcare and the estimate was up to £1.3bn.
Whereas in the United States, the average divorce cost estimates range from $10,000 to $20,000. A recent study has assessed that marriages ending in divorce are very costly to the public; in addition, a single divorce was estimated to cost the federal government about $30,000, based on things like the higher use of food stamps and public housing, as well as increased bankruptcies and juvenile delinquency. The American nation’s 10.4 million divorces are estimated to have cost taxpayers over $30 billion. Looking discretely down, the costs paid by taxpayers 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 dollars, whereas any welfare benefits for mothers are not included. dependent. If divorce rates are reduced in any measurable way, it will save taxpayers significant dollars.
A sociology professor Steven Nock and U. Iowa law and economics professor Margaret Brinig were the first to study this topic. They found that since the costs of divorce are too great for the average person, the trial can drag on for a year or more. 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. According to the information provided by a website dedicated to divorce and remarriage, divorce is a $31 billion a year industry with an average cost of about $20,000.
Among many, one of the main reasons being recognized is the connection between the emotional pain of divorce and its impact on the economy. Undoubtedly, divorce can lead to mental depression and emotional instability. It has been studied that the rate of depression is almost three times higher among divorced men and women than in married couples who have never divorced. When one or both spouses file for divorce, it’s not uncommon to see job performance and productivity drop dramatically between stress, lawyer meetings, and the time it takes to build a new life. It won’t be unwise to say that “If you hire a divorce attorney today, there’s a good chance you’ll be hiring a bankruptcy attorney within two or three years.”
Divorce costs, whether emotional or financial, can be significantly reduced and kept under control if one spouse (asking for divorce) or both acknowledge the complete divorce process, do not rush and control their anger because in most cases they divorce . costs are increased due to the spouse’s destructive attitude towards the other, which makes the process longer in terms of frequent meetings for advice, consultation and other legal proceedings.
Divorce costs can be further reduced financially by; carefully reviewing your will, taking existing insurance coverage into account, canceling all joint bank accounts (credit cards) and reviewing retirement assets.
Going not too far from this miserable world of divorce, there are couples who make it, and like them, there are very few winners. Basically, those are the ones we should be looking at. The cost of emotional pain and suffering, as well as dollars and cents, can be extreme. The process can also continue for years. Still, you can both come out in reasonably good shape by cooperating, understanding each other, and learning the rules.
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