Slowing of divorce rate is an effect of ‘the end of easy credit’, according to Telegraph article
Telegraph article claims that legal fees can no longer ‘be put on a credit card’
An article in The Telegraph claims that the divorce rate has been slowed in recent years a consequence of the end of the availability of easy credit. The article quotes Graham Campbell as saying:
"[It seems to be] making people stall and, I suspect, it is stopping them divorcing in the first place – making people say 'hang on'."
Latest court statistics published by the Ministry of Justice show that divorce rates peaked in 2003, and have fallen since then, levelling off at around 120,000 divorces per year since 2008. The decline generally reflects the smaller married population and a higher average age at marriage. The younger a person marries, the higher the probability of getting divorced so the trend to delay marriage has partly contributed to the observed general decline in divorce over the last 20 years. There were 29,551 decrees absolute granted for the dissolution of marriage in the second quarter of 2012; an increase of two per cent compared to the same period of 2011.