
Your search for recession returned 14 result(s).
In a recent survey, 43-percent of American couples say they argue more about their finances since the recession kicked in. New research from Citibank shows that conflict over money is the number one reason for break-ups and divorce in this country. The fear of losing a job, facing foreclosure and not knowing what the future brings is really taking a toll on people’s marriages.
via Oprah: Recession-Proof Your Marriage
Click though image to view video clip of the couple’s marriage counseling session featured on the show. Communication problems NOT money problems led to demise of marriage. // Related: Smart Marriages
1 year ago
Divorced but living together
It’s a devastating scenario but the recession has left many with no choice. A glimpse at the life of opera singer Cassandra Manning, 44, and her husband Jeremy, 47, a health service manager, made the painful decision to divorce. For the past year, the couple, who have a nine-year-old son, Aidan, have had to live together because of the credit crunch and not being able to sell their home. (Read full article)
How many others are living like the Mannings? and What are the adverse effects on the the children?
1 year agoKit Yarrow, a consumer psychologist and professor of psychology and business at Golden Gate University in San Francisco, offers these five tips to help couples recession-proof their relationships: Expand Meaning of Wealth, Consider New Roles, Create a Routine, Mind the Gap, and Do the Doable. -ABC News February 15, 2009 & reprint Washington Times March 15, 2009.
Related: Recession and Relationships
Nick Clegg, the LibDem leader, proclaimed recently that “a savage recession, like a war, shakes the traditional identity of men and women”, and that unemployed men could “reinvent” themselves as hands-on fathers and proudly support their still-working womenfolk. —The recession is stripping marriage bare, forcing partners to look at each other face on, undistracted by the sideshows of material comforts—
UK: Couples turn to counseling to avoid cost of divorce
The recession could just about be the best thing to have happened to one of the most troubled institutions of recent years: marriage. In a desperate bid to avoid the high costs of divorce, relationship counsellors are reporting that couples are turning to marriage guidance in huge numbers. (Read full article)
1 year agoEconomic pressure could force any marriage into ruin, but this recession is also affecting what happens after couples call it quits: It can prolong the process or compel husbands and wives to revisit complicated financial arrangements long after the ink on their divorce is dry. The global credit crunch has made it difficult for many couples to sell their home and raise enough cash for the two of them to move on and live separately.
“When one spouse is laid off or is working harder and longer, that may throw an already rocky marriage into the gravel pit and put a strong marriage to the test…But strong marriages can survive this recession.” Before a couple sits down to discuss finances, I suggest that they sit down and make a list of ways that they can keep from taking each other for granted,” said David Coleman, who is from the Cincinnati area. Related Link: More couples staying together due to recession
UK: Recession sees marriage rate rise
Professor Cary Cooper, a social scientist at Lancaster University, said: “The increase in marriages makes sense. If you’re feeling insecure, as people are now, then you are going to want to try to bring some stability to their lives. Article Link: Read more
1 year ago
Economist Points to Families as an Answer to Recession
During her address today at the 6th World Meeting of Families, underway in Mexico City, Maria Sophia Aguirre, a professor in the department of economics at Washington, D.C.’s Catholic University of America noted: ”The breakdown of the family damages the economy and society since human, moral and social capital is reduced and social costs increase,” (Read full article)
1 year agoBEIJING (Reuters) - Fears of a prolonged recession in China have triggered a sharp increase in divorce inquiries addressed to lawyers and financial advisers, state media reported on Monday, with timing a key issue.
Research finds people more likely to argue about money in bed
Dr Sheila Keegan, a chartered psychologist with consultancy Campbell Keegan, said the results demonstrated the need for honesty within relationships.
“There are also husbands and wives who still haven’t told each other about debts or savings they have kept hidden after years of marriage.”
Social psychologist Dr Alicia Renedo added: “For women it is natural to want openness about money in a relationship and for both men and women it is important to be able to manage money at all times, not just at the bank.” (Read full article)
1 year ago
Will the Market Kill Your Marriage?