New research, published in the October issue of the Journal of Family Issues, shows a link between a wife's income, hours worked and the likelihood of divorce. If happiness has a price (see my September 8, 2010 post), it seems divorce does as well. In this post and the next, I will discuss the results of this study that I believe will be of interest to families in Illinois.
If you get the shakes looking at your investment statement these days, imagine how you'd feel if you were going through a divorce. It's stress piled on stress, and the more stress couples have, the more likely it is the divorce will get ugly. And the uglier the divorce, the more expensive it is. Which brings everyone back to the investment portfolio, or what's left of it after the latest market downturn.
Financial trouble is often cited as one of the top 10 reasons for divorce or child custody disputes. Being strapped for cash can lead to squabbles over spending priorities, which in turn lead to realizations of differences in core values. On the flip side, when the media report on celebrity divorces -- Tiger and Elin Woods, for example -- the focus is not on the amount of time each will spend with their children, but, rather, on how many millions of dollars Elin got in the settlement.
In the old TV show, "Bridget Loves Bernie," a Catholic girl married a Jewish boy, and hilarity ensued. The chief conflicts weren't between the bride and groom, but, rather, between the two sets of parents. The show lasted one season. Dismissed as chance?
Family law attorneys around the country are talking about a New York visitation decision. Illinois practitioners, however, have a different take on the case.