The negative effects of divorce on the family are well-documented. Depression is four times more prevalent in divorced people, while the children of divorced couples don't do as well in school and have higher drop-out rates than their peers with married parents, according to the National Institutes of Health. Here's one statistic that isn't quite so bleak: 46 percent of people surveyed in Credit.com's 2014 Marriage, Divorce & Credit Survey said their credit scores actually increased after divorce. It's the tedious process of separating finances and re-establishing an individual credit profile that makes getting your own mortgage more difficult after marriage. If you're trying to get a home loan after divorce, we'll help you make sense of the process.
The phenomenon of baby-boomer divorce has been often noted and expounded upon in recent years by family law commentators, with this salient fact often being pointed out: Whereas the divorce rate across the country seems to generally be in decline these days, it has spiked sharply for the boomer crowd.
Here's a readily apparent juxtaposition in family law that shows a clearly discernible trend over time: Whereas only about five percent of all dads who defined themselves as "stay at home" fathers a quarter of a century ago said they were at home primarily to care for their families, that number had increased fourfold to more than 20 percent by 2012.