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Do Bad Economic Times Lead to Bad Divorces?

August 1, 2008 · 0 comments

While breaking up is hard to do it can get ugly during times of recessions and bear markets.

“Recession has always been a factor raising divorce rates,” explains University of Chicago Business School economist Gary Becker.

Based on Becker’s 1977 studies, which were published in the Journal of Political Economy, couples that experience any sudden significant and unexpected change in income — positive or negative — are at risk of divorce.

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