According to the “Survey of Marital Generosity”, a report created by researchers at the University of Virginia, Americans without college degrees were affected the most by the recession and so were their marriages. The prolonged downturn in the economy also generated some positive aspects for some American married couples. The downturn has given some married couple the impetus to recommit to their relationship, and since the recession began the divorce rate has also fallen.
The survey found that the recession and the slow job market put financial stress on the marriages of 29 percent of those couples that participated in the study. Interestingly, the study also found that around one-third of married couples said the recession gave them a reason to work on improving their marriage and to save it from divorce. Over half of the married couples that cited the recession as their reason to improve their marriage reported being in “a very happy marriage.”
The study also found that nearly 40 percent of the married couples who were considering divorce put divorce off because of the recession. The statistic correlates with an overall drop in the number of divorces since the recession started. The explanation for the drop in the divorce rate is that couples cannot afford to hire attorneys and maintain the costs of two separate households.
Married couples that did not have college degrees were more likely to have experienced financial hardship. Over 30 percent of the married couples that were surveyed said they were anxious about the ability to pay bills often or nearly all the time. Nearly 1,200 married individuals ages 18 to 45 participated in the survey. Insurance headhunting companies thrive on situations like these, don’t fight them alone.