quote:

ORIGINAL: Vendaval

The wedding business is feeling the pinch in the recession and at the same time, divorce rates are down.


"Love in the time of recession"
- Allison Louie-Garcia


" The $60 billion a year wedding industry is hurting as much as the rest of the economy, according to a recent Bloomberg article. And with couples spending an average of 24% less on tying the knot than in '07, they are scaling back on everything from the number of guests to meal selections to flowers. A recent survey done by David's Bridal entitled "What’s on Brides' Minds" reports that 75% of weddings are being downsized in order to save money.

Sandra Chavez, who is getting married in September in Pleasanton, Calif. told Fox News:

"I would be embarrassed to spend thousands and thousands of dollars when people are losing their jobs, homes, cars etc. We understand that this is just one night."
But what happens after that night? The recession is making its mark on marriages, too ... but in somewhat surprising ways.

It's not surprising that a slumping economy puts a strain on most marriages; it's common knowledge that financial stress is one of the top causes of divorce. But according to a recent article in Yahoo! Finance, 37% of matrimonial lawyers report seeing a decrease in divorcing couples during economic downturns. The reason, the article posits, is because getting a divorce is the "worst thing you can do financially."


"Attorney fees and court costs compete with setting up a second household as the largest expense in a divorce. A simple divorce can cost $5,000 to $25,000 in attorney fees and court costs while the average complex divorce runs $20,000 to $100,000, says Bruce Hughes, an attorney and certified public accountant in Tustin, Calif." "

http://news.yahoo.com/s/ynews/ynews_bs304

quote:

ORIGINAL: Vendaval
A simple divorce can cost $5,000 to $25,000 in attorney fees and court costs while the average complex divorce runs $20,000 to $100,000, says Bruce Hughes, an attorney and certified public accountant in Tustin, Calif." "

quote:

ORIGINAL: ShaharThorne
I will get married in my style and will not have to put myself into debt for a day of thrills and frills.