It’s not uncommon for couples to stick it out for the sake of the kids, despite falling out of love- but now couples are staying together due to the cost of living.
While many couples are going their separate ways due to financial stress and uncertainty, many simply just can’t afford it.
New research from Stowe Family Law revealed that more than a quarter of people are staying in their relationships due to concerns about the cost of living crisis.
The law firm says that July 2022 was the highest month ever for divorce enquiries.
According to the Canadian Legal Fees Survey, the actual cost for divorce averages $1,353 for an uncontested divorce and $12,875 for a contested divorce. Taking the divorce to court could cost you over $50,000.
The painstaking irony is that the cost of living crisis is a big motivator for why so many couples are filing for separation and divorce right now.
Financial woes are commonly cited as one of the leading causes of relationship breakdown among couples, according to the same research.
Concerns over ‘not enough money coming in’ and ‘not enough money to pay the bills are impacting the health of relationships, while 20% of couples disagree over what to allocate their hard-earned funds towards.
A quarter of participants from the same research revealed that they are remaining in their current relationship for fear of not being able to afford to live on their own.