Unlocking Misconceptions About Divorce That Can Ease the Pressure

A whole industry of divorce lawyers and marriage counselors is bracing for a surge in divorce filings once COVID-19 restrictions are fully lifted.
It may take months or even years to fully understand the true impact of quarantining on America’s divorce rate and the U.S. court system. However, early data suggests an unsettling trend.

In the later months of summer 2020, Legal Templates—a company that provides legal documents—reported a 34% increase in sales of divorce agreement documents compared to the same period in 2019. Additionally, the sharp rise in users seeking Legal Templates’ services has uncovered surprising insights into why so many people are motivated to end their marriages. The company suggests that the information they are collecting “won’t be available from government sources or scientific studies for years to come.”

Key Findings from the Data

The data reveals several notable trends:

Higher Divorce Rates Among Couples with Children – More divorcing couples had children compared to 2019.

Southern States Saw the Highest Divorce Rates – Couples in southern states were significantly more likely to file for divorce.

Newlyweds Were Hit Hardest – By a significant margin, the highest divorce rates were among couples married for only a short time.

Surge in Life Insurance Policies in Divorce Settlements – The number of life insurance policies and payouts required in divorce settlements skyrocketed

Final Thoughts

While these statistics highlight concerning trends, it’s important to remember that divorce is a deeply personal decision influenced by many factors. For those navigating this difficult time, seeking professional guidance—whether legal, financial, or emotional—can help provide clarity and support. As more data emerges, understanding the long-term impact of the pandemic on relationships will be essential in shaping future discussions on marriage and divorce.

Previous
Previous

Is Early Retirement a Possibility? Key Considerations and Mistakes to Avoid

Next
Next

A Brief NASDAQ Correction, Optimism from Small Businesses and Increasing Mortgage Applications