Economic Impact of Divorce

The economic impact of divorce includes financial strain on individuals and families, as costs for legal proceedings, splitting assets, and setting up separate households can be significant. Divorce often leads to reduced household income, affecting living standards and savings. It may increase dependency on social services and cause long-term economic challenges, especially for children and lower-income families. Additionally, workplaces can experience decreased productivity if employees are dealing with related stress. Overall, divorce can disrupt financial stability, impacting families’ economic well-being and broader societal resources.