Prediction: Divorce rate to skyrocket in US in 4/08

Posted by on Feb 17, 2008 in Economy, Money | 8 comments

Mortgage Rate resets

Give people about a month after their subprime mortgage payment balloons to obscene proportions and it’s not hard to guess that in some cases, that will lead to divorce and broken homes. The next big wave of resets begins in March 2008, based on the CSFB data in the chart above.

Buckle your seatbelts and unplug the popcorn machine. 2008 is going to be a rough year.

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  • http://EbloTheWeblog.com Oblivion

    TGFFRM (Thank god for fixed-rate mortgages)???

  • http://EbloTheWeblog.com Oblivion

    TGFFRM (Thank god for fixed-rate mortgages)???

  • http://www.ChristopherSPenn.com Christopher S. Penn

    Updated 4/20: Being right sucks. An article confirming the suspicion.

  • http://www.ChristopherSPenn.com Christopher S. Penn

    Updated 4/20: Being right sucks. An article confirming the suspicion.

  • http://www.bolinskelaw.com/family_law_minnesota.html Mike from Minnesota Divorce At

    Insightful prediction from February. Unfortunately its so true. I’ve seen an increase in divorces in our firm, and like the article you cited reported, money is the #1 cause of divorce. Not just the stress around the lack of money, but how to spend it (especially when you have less and less of it).

    Choices around money highlight priorities and values. Many times we see divorces because one person wants to save money and pay bills and the other wants to take vacations and spoil the kids. These differences in values can divide the couple. And with the growing mortgage issues, these values around spending and money smack married couples in the face.

  • http://www.bolinskelaw.com/family_law_minnesota.html Mike from Minnesota Divorce Attorney

    Insightful prediction from February. Unfortunately its so true. I’ve seen an increase in divorces in our firm, and like the article you cited reported, money is the #1 cause of divorce. Not just the stress around the lack of money, but how to spend it (especially when you have less and less of it).

    Choices around money highlight priorities and values. Many times we see divorces because one person wants to save money and pay bills and the other wants to take vacations and spoil the kids. These differences in values can divide the couple. And with the growing mortgage issues, these values around spending and money smack married couples in the face.

  • http://www.caverslaw.com/Cavers/HelpCenter/divorce.html Houston Divorce Lawyer

    Recent information from law journals suggest a leveling in the divorce rate only because people are waiting longer to get married. Still, money issues are huge reasons for people to get divorce. The odds of something working out are so difficult these days that extra stresses like the mortgate crisis will not help. I do believe that you are right. That would be a HUGE test on a relationship.

  • http://www.caverslaw.com/Cavers/HelpCenter/divorce.html Houston Divorce Lawyer

    Recent information from law journals suggest a leveling in the divorce rate only because people are waiting longer to get married. Still, money issues are huge reasons for people to get divorce. The odds of something working out are so difficult these days that extra stresses like the mortgate crisis will not help. I do believe that you are right. That would be a HUGE test on a relationship.