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August 2018 Archives

Friends' divorces can impact others

People in California may be surprised to learn that when their friends divorce, they are more likely to consider divorce themselves. While ideas about the social contagion of divorce have always been popular, especially when people see several friends end their marriages in quick succession, the concept is backed up by scientific research. A study conducted by researchers at Brown University, Harvard University and the University of California at San Diego found that people with friends who divorce are 75 percent more likely to end their own marriages. In addition, even people with friends of friends who get divorced see their likelihood of divorce rise by 33 percent.

Financial issues commonly associated with a divorce

Some of the stress that can go along with ending a marriage in California concerns financial issues. Many separating couples fail to focus realistically on their financial needs and obligations during and after the divorce process. However, paying more attention to assets, liabilities, income and expenses could reduce the stress level of soon-to-be-former-spouses making the transition from joint responsibilities to individual ones.

A strong parenting agreement protects the whole family

If parents hope to provide the best life they can for their child after a divorce, it is necessary for them to create and maintain a strong parenting plan. In most cases, courts require parents to file a parenting plan as a part of their divorce. However, some parents choose to create a plan they don't intend to follow, making the experience more difficult and destructive for themselves and for the children they love.

Gray divorces and dividing assets

The Pew Research Center reports that the divorce rate for seniors throughout California and the rest of America is twice what it was during the 1990s. While it is important that all couples know how to properly divide their retirement assets and other types of properties, the process is especially important for older couples who may not be able to recover from mistakes that can result in hefty tax bills or substantial financial consequences.

Student loan debt burden can push couples toward divorce

Younger people in Fullerton are often struggling with a serious burden of student loan debt. Across the country, the average student loan borrower owes $34,144, and people who graduated from university in 2017 have an average burden of $39,400. These numbers don't tell the whole story; in the last 10 years, the percentage of borrowers who owe more than $50,000 in educational debt has tripled. Many millennials have postponed life goals as a result of debt, particularly student loans, and living life with substantial debt can have a major impact on psychological health and well-being as well as the choices that people make about their jobs, relationships and spending habits.

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