tv The Cost of Everything RT February 29, 2024 1:30am-2:01am EST
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so if everything were today, we're tackling the challenging topic of divorce between the motional, financial and societal costs. the, when it comes to divorce, the u. s. has one of the highest awards has per capita over $600000.00 americans get divorced each year sustaining a more than $11000000000.00 legal industry. in contrast, countries like india and sheila had very low divorce rates, often less than point 5 per 1000. now despite those large fig or the overall divorce rate in the us is actually declining, although 1st marriage is still and in the divorce rate of approximately 33 percent within the 1st 10 years of the median duration of 1st marriages. that ends in divorce as approximately 7 years coining the phrase 7 year itch. now this refers to the perceived decline and happiness and relationships around the 7th year. most people tend to get divorced in their late twenties or early thirties,
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but we marriage after divorce is becoming more common. approximately 52 percent of divorce, man and 44 percent of divorce, women were likely to marry again within 5 years of their divorce. but one interesting trend is that you are more likely to get divorced each time you get re married. the national divorce rate for 2nd marriages is 60 percent, and then this climb to 73 percent for 3rd marriages. the median cost of divorce in the us is $7000.00, while the average is between $15.00 to $20000.00. but there are complicated contested divorces with issues surrounding property distribution or child custody. that can become significantly more expensive, often. well, over a $100000.00. now aside from your attorney costs, there are also filing fees, court room expenses, mediation costs, real estate costs, etc. equitable distribution is the more common system of property division used in
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41 of the 50 states. courts and equitable distribution states will split all assets earnings property, and that between the spouses in a division that is fair, but not necessarily equal. and they're also soft costs associated with the wars which includes moving therapy for yourself or your child. starting a new phone plan changing insurance expenses for setting up a whole new household and replacing items that were ones shared new emotional or mental costs, and the longer financial costs can take an unexpected tool as well. so joining us today is divorce attorney for team of other bravo. now fatina, how does divorce impact individuals financially, both in terms of immediate expenses and then long term financial stability? you know, divorce is one of those things that unfortunately you can't always anticipate the impact. and, you know, people tend to focus kind of in 3 emotional tool or the,
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you know, love component or the breakup of, of a union and a family. and that's, that's very obviously real and important, but the financial impact of divorce is often on anticipated. and it is really impactful and it, it affects people not only during the immediate, you know, kind of proceedings, divorce proceedings, but often for decades to come. can you elaborate on the potential costs associated with legal proceedings? alamo is property division during a divorce. absolutely. divorce costs in litigation. i believe our 1st and foremost lead and driven by, sadly, spite, right? spite is kind of the simple term defensive term would be contentiousness. um you know. busy conflict, you know, the things that really kind of drove the marriage often to its collapse are the things that we see kind of spill over into the divorce proceeding. and so often,
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you know, in my practice what i see is a client willing to pay more to me as the lawyer or to, you know, themselves in the area of time or resources. then what the thing they're actually fighting for could be, yeah, that doesn't always happen, but often times say they're fighting over, you know, the remaining portion of a home, right, that we're close to settlement close to the end. and then, you know, the stubbornness kicks in or the unwillingness to settle. so i'm not a lot of money kicks in. and often times the proceedings themselves end up costing more than that kind of narrow amount of asset that would have otherwise remained. now, beyond the financial aspects, what are the emotional and psychological costs that individuals may experience during and after the for wars? you know, they say there's, there's life after you know, 19, there's life after 30 and, and there's life after divorce. but often in the immediate aftermath of divorce proceeding, i particular with women. unfortunately what i've seen is that they're there on the
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horizon is not looking. so you know, great. but oftentimes the, the union, a particular children is, is all they, they've known and kind of immerse themselves in. it's what they lived for. it's what that kind of consume their, their very existence. and then suddenly you have this, you know, divorce, final settlement or final. busy degree from a judge and then you know, monday morning your life is completely different. and so the emotional psychological tool is very real. and often times it's just kind of a new beginning and a new world order that clients have to kind of get, get accustomed to. and how do these emotional costs extend to children and other family members involved in the divorce process? divorce law is one of those error. busy is where it's not just about, you know, the 2 parties that are separated by the v. write down john versus mary. it's generally, you know, john and the kids versus mary and the kids are both the kids that they share. and
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then you know, and instances where they each have their own kids or had their own kids prior to the marriage, all of that gets involved and comes to bear on how the proceeding. so you know and sues. and of course all those people also. busy are affected by the outcome of the divorce proceedings as well. so kids, in my opinion, have, are the most casualty, sadly, of divorce proceedings on the negative side. but on the positive side, you know, i've, i've seen kids kind of what looks like it's a storm and looks like it's really bad and ugly and they see the worst. and mom and dad, right. i always say to people that are separated by a v, a chair to home and a life in the bed. now being on separate sides of the battlefield can, can bring out the other, send them years later when either you know, they come to visit or i see them, kids are resilient. and i think they see that conflict in that they see that adversity. and often times it's transformative for kids and it's kind of one of
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those things that they determine that you know, that they don't want to be part of right. or that they don't want to end up like. and so you see um, really, kids kind of rise above and it's pretty, a refreshing are their gender disparities and the economic aftermath of divorce and how do these disparities manifest? you know, the statistics change, right? and in specifics can be kind of influenced or manipulated or bias, but my experience has been women are the ones who initiate divorce, particularly united states. and i think the statistics will, will reflect that. and i agree with that. and then man, kind of like the hon consistently just caught off guard, right. it's like, you know, i didn't see this coming. i just didn't see it was coming and the writing could have been on the wall, right. the writing, it's just so obvious. and there's been sign after sign of to sign that this marriage is broken down but, but the cost, you know,
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to your question is that oftentimes i've seen men like truly i feel like they didn't know where this came from. and, and just it's, you know, the transformation of the wife catch happened overnight and she just called it quits overnight. and of course we know that the human being is not ever that simple . busy it's never that simple, right? nothing necessarily happens overnight is the kind of small issues that that eventually explode and it becomes the straw that breaks the camel's back. but um, in terms of disparity, my experience is also, and i've been practicing family law for over a decade now. is that women especially after the divorce, or at least for the short term uh, more uh, impacted financially than men. oftentimes, even if they were full time workers and contributed to a home that now right is cut by at least 50 percent. and if you add things that uniquely influence women like wages to begin with and discrimination in the
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workforce and all the struggles that come with motherhood and babysitting and child care you, you add all of that in. and then you could imagine that how a woman is severely like, you know, considerably more impacted than a man at least in terms of the financial component. but like i said, the silver lining, again that i've also seen is that women come back, you know, years later, for whatever reason for all their legal work or we see them. and they looked back and it was kind of just ugly, right? that they were in and yeah, the finances were lousy for like getting very short term. but they managed to kind of get it together and it's just one of those chapters that they can look backlist and you know, and stride sometimes in last year. sometimes in just a reflection and they, they make it through how to of cultural attitudes toward marriage and divorce very globally. and how do these perspectives influence divorce rates? yeah. so what i was saying about, you know, statistics and rates. obviously, those are um, you know, depends on who's running it and what the question is and,
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and how it's the, you know, analysis is being conducted. so it's one thing to be able to file for divorce, right? in certain countries, anybody, you know, largely with the exception of i think the vatican city and the philippines. there's really nowhere that i'm aware of. and you know, at least developing. busy and developed worlds where you're banned from seeking a divorce. the disparity or the kind of statistical play here comes in where you're actually granted a divorce. so in india, for example, you can initiate a divorce and you can seek one. but that doesn't mean that a judge particularly when do kind of areas where i really just components kind of drive decision making. so it doesn't mean you'll be granted one. so then the statistics are kind of skewed. they're right. it's like, yeah, x number of people initiate divorce, but do they come out with an outcome of divorce? and so that's kind of an example of how worldwide we see the differences and disparities across the spread in relationship to divorce. so again,
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the vatican city you know, is explained the way is kind of a theological. busy you know, religious kind of ban on divorce and vietnam was, you know, very low def. busy rates themselves has super high divorce rates, so there's not always rhyme or reason, but often times when you kind of to in on it or really examined x. busy really there are kind of strong religious or co. busy it's real components that kind of sean or. busy dis fever and kind of look down upon divorce, particularly when it's initiated by woman. and so the numbers as reported a are often impacted and are low just because of that. thank you so much for the hanging of a please stick around for the tmo will stay with us right here after the break. and when we come back, we will explore what are the leading causes for divorce? worldwide. we'll have more after the break the
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most important and the homeowner westbrook learn how to hey, a john match the late louis miss your new file. so be sure your team which the since the 1960 marriages have been kleinie while divorce is rising in 2022, the global divorce rate is 48 percent, which is a 251 percent increase from 1960. meanwhile, in the us, marriages has declined by 60 percent of the 1970s. now there's several factors contributing to this, including financial independence,
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a society that prioritizes individuality over anything else. and the rising trying to people who are opting not to have kits. the same is happening in china as it's birth rate has fallen in tandem with the plummeting marriage rate. people are opting to stay singles, as there is now an entire single economy and china that offers everything from home and household appliance purchases to culinary experiences. to solo traveling packages all tailored exclusively to individuals. meanwhile, divorces are also rising. to counter this, the government introduced a controversial law forcing couples to observe a 30 day cooling off period before splitting, which seemed to have the desired effect of sharply cutting the divorce rate. squee longer has one of the lowest divorce rates in the world at point $15.00 divorces per 1000 people. but while the statistics looks nice and rosy, you might wonder what's their secret? it's actually not so rosy. screen long as divorce laws actually make it difficult
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to establish grounds for divorce. it requires that fault is to be proven in order to get a divorce, which can be hard for couples. and therefore it discourages divorce. the vietnam also has a very low divorce rate at point 2 per 1000 as loyalty within the family and relationships are heavily emphasized and be in the muse culture. infidelity remains a leading cause of divorce as a betrayal of trust can be difficult to overcome for many couples. but aside from incompatibility, today we're facing challenges in social expectations evolving gender roles and increased financial independence. we are witnessing a shift and how individuals approach marriage and family life. half of millennials today are not married. the main reasons given are that they're fearful of commitment and divorce, as they have seen previous generations divorce rates rise. this has also led to
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millennials who do get married, getting more pre, not prior to tying the knot projections have estimated that more than one 3rd of young adults today in their twenty's will never married. and so for this and more, let's bring in again, divorce attorney for team a, a big bravo. so for team of which countries are currently experiencing the highest of worst raise and what factors contribute to this trend? yeah, you know, it's interesting to us seems to be kind of smack in the middle between the, the high end of the bell curve and the low ends and we're kind of right there in the middle. interestingly enough. and that kind of makes sense. we are kind of a hodgepodge of the world in different ways. you know, it used to be kind of the saying that the, you know, one, then every 2 divorces, one in every 2 marriages end up in a divorce center. and so you kind of my time, they say you flip a coin and you know, heads the, you're divorced, tells you weren't, is that much of the kind of $5050.00, the understanding that you would end up in divorce. but that's really not the case
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. but it's, it depends on who kind of runs again the studies, but the american psychological association who's kind of watched a marriage trends and, and relationships of. busy particularly a post covered air has shown that one and 3 marriages in united states will end up in a divorce. so it's actually not 50 percent is one in 3. of course, the 50 percent number increases the 30 percent in a number increases considerably and younger and younger marriages, for example, right? marriages of certain racial um, folks. so, but that is a spread. again, that's impacted by different factors. but by and large, the united states. uh, at least by the most recent statistic show that one and 3 marriages will end up in the divorce. and can you discuss any co troll or societal factors that may influence divorce rates in specific regions? so, you know, um, nevada, for example, is one of those places that it has the highest divorce rates and in the united
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states and con, uh, states like nebraska and wyoming have super low divorce rates. oddly enough, and maybe counter intuitively, evangelicals in the united states have the highest rates of divorce. and one would think again and because of the, the logical components or kind of religious label. that would not be the case. but it's in fact uh, as of i think 2020 to evangelicals, evangelical christians or south kind of proclaimed evangelical christians, had the highest rates of divorce in the united states. so there's definitely that kind of, you know, uh, flavor and lee and label from, from that perspective. and then, you know, the statistics i guess are also impacted by age. for example, if, if the age of certain folks seem to indicate that divorces are not that high and that age range is it because those ages are not getting as many divorces or that the people in that age range are not getting married to begin with, right? and there's different types of kind of intimate relationships that are uh,
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you know, necessary don't necessarily fall under this analysis of a marriage or divorce. i'm from a civil perspective so they don't to, they don't even get counted. but you know, by large, i think in my practice here in the united states, women are disproportionately impacted by divorce. the oftentimes are the ones who initiated only after kind of being left with no choice but then although many states are no fault, meaning it doesn't matter what the cause of the divorce is. meaning the cause of it by and large doesn't have an impact on how a judge would rule. now, it can be a factor for a judge to consider like marital waste or abuse. can color judges perspective in the ruling. but it is not allowed to be a driving force for a legal determination in a divorce. so with that, you know, to women, how, how are they ever really made whole, how is justice really served? it isn't always entirely and they there do remain those gaps that i reference
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earlier for women that you know, you don't always see ironed out or. busy ever completely eliminated. now, on the flip side, which countries has the low as divorce rates, and are there cultural or policy elements contributing to this marital stability? you know, interestingly, guys on the west bank have the lowest divorce rates in the world as to, as does egypt. and again, the philippines, very, very, very low. i mean, less than one percent. i think like a half of one percent. if that and the inverse then is there's a strong kind of kind of disposition towards marriage to begin with, right? so it's one thing that how, how, how to assess how many divorces come out of marriages. and then the flip is how do we kind of look at stats surrounding marriage to begin with. and so. busy and guys and was thank you, see high numbers of marriages and then very, very low numbers of divorces. similarly in egypt and the philippines and,
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and really in many to. busy of in countries kind of across the board for either economic reasons or social reasons, religious reasons. cultural reasons. unions are just kind of hung onto, you know, for as long as possible and you don't get a lot of applaud right from society for, for a willingness to break that union. so the cuts both ways. um certainly, but it's interesting. are there different legal assistance in that reducing divorce race or addressing the challenges associated with divorce? well, you know, these are policy considerations. so in the united states, there are some states where you can file for divorce and you know, if at, if there's an affidavit that the woman is not pregnant and that if they're consenting to the divorce and there's not a lot going on, they can get it done and you know, 306090 days. there are other states that you have to wait almost a full year and some silent for it to be lawful for
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a judge to sign your divorce decree. and so, you know, that's not only because of the backup and you know, the courts, right? that's even, that's, that's often in places where there is not a clog in the court systems. that's a policy consideration where one would make the case. the policy makers are trott, would try to, you know, not, you know, it's, are you sure you want this? you know, are you being a hothead or use, you know? so basically that would be a way, right here in the united states in which the divorce is kind of socially or culturally deemed to be kind of a last resort. right? and, and the idea is hopefully cooler heads will prevail. and, you know, maybe we'll come to your senses or maybe, you know, that was like i said, a rash decision and you filed and so we really kind of want you to cool off, or at least a full year before the system allows you to proceed with your wants and your needs and, you know, philosophically depends on where you stand on these things, but you can see how, you know, one moral or, or social persuasion would think that's great. you know, it's great to kind of keep traditional marriage,
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whatever that means intact and then the other side of like, no man, i don't want the state i'm, i'm filing for divorce. i do not want the state to have that much influence in my decision. a decision to terminate this you, i've made my, i've made my called me my choice. why do i have to stick around, you know, in one way or another for a year? so yeah, it's not just in the rest of the world. we definitely even have social. busy more. busy all cultural components right here in the united states that, that effect and how and when we can get a divorce and are there countries implementing policies are interventions to address this aside on economic impacts of divorce. you know, there's a growing advocacy groups right here in the united states that you see um, kind of the idea is, is 4 courts to allow the 2 parties to come out as divorce proceeding as whole as possible w h o, how do you like us whole as gathered, as, as, as better off as possible of the marriage and then the unraveling of
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a marriage undoubtedly take away right from the fullness of a person. and so the courts try to intervene to kind of do the best they can to make sure at the signing of that dotted line. you each walk away and in a favorable um, you know, positions. and so what you see particularly area of women think faleen and i think definitely not enough, but we see definitely strides towards that is you see the advocacy groups or resources kind of being offered to women that are being disproportionately kind of out muscled in a divorce. proceedings meaning man has more money, has more money, hit it on the side has. busy has earned more money, has a more higher skill set because mom's been at home raising kids for 10 years. and so kind of her educational professional pursuits of leveled off for something, sometimes even gone backwards. and the husband is going often done great things and made tons of money and have, as you know, i have a resource on to design,
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including a great kind of team and network of lawyers that really give him a leverage and the 1st proceeding. so with that in mind, you know, you see advocacy groups or you see kind of even court rooms themselves and kind of trying to step in and really kind of tend to that disparity. have there been noticeable shifts and global divorce trends over the years. and what factors have contributed to these changes? you know, i wanted to say something about judges where people, people, you know, tend to forget is that judges implement the law, right? or they, they read the law. and there they are doing that. and that's where the law drives kind of outcomes. but at the end of the day, judges are also people right heavily influenced by their own understanding and their own prejudice and bias and, and just overall sentiment for good or for bad. and, and perhaps the most kind of human error, a area of law is family law. divorce,
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i mean, you know, it's something you could be in a black robe, sitting in a court room as the judge. and you don't have to stretch your imagination to anticipate kind of what is going on. but. busy are you um, in terms of the litigants that are, are presenting to you could have gone through a divorce yourself, your mom yourself, you know, you've gone through all, you know, so it's, it's the, it's the ultimate kind of connection. i think in american law, the family law judge, thank you so much for team up our all your time today. so is it better to get divorced or stay on happily married? well, that depends, but a psychology study found that on average, unhappily married adults who divorce were actually no happier than unhappily married adults who actually stayed together. and this was true, even accounting for unhappy spouses who were re married or no happier, on average than those who just stayed married. this is because although divorced
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eliminates one stress factor you gain other such as the reactions of children, potential disappointments, an aggravation and custody. child support, visitation, orders, new financial or health stresses, etc. but of course, every situation is different. and while divorce can be a huge emotional blo staying and a bad marriage can sometimes be even worse. i'm christy. i thanks for watching and we'll see you right back here next time on the cost of everything. the in the late 18 ninety's french soldiers led by general paul who arrived in asia
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