Call for an attorney consultation.
Epperson Law PLLC

Student loan debt affects marriage trends

North Carolina economists, marriage counselors and family law experts alike are all interested in the many different factors that contribute to marriage and divorce rates. After all, contemporary marriage and divorce practices continually evolve to account for societal and cultural changes. Certain types of personal debt, for instance, are playing an increasing role in when people marry, as well as why they divorce.

According to one study, personal debt is a major factor that couples take into consideration before getting married. For instance, around 7 percent of those surveyed said that they would end their relationship before marrying someone with debt. Approximately 10 percent of people claimed that they would not help their partner pay down his or her individual debt, and a little over 50 percent of people explained that they would delay marriage until their partner’s debt was paid off completely.

Given that there is evidence to suggest that personal finances contribute significantly to people’s relationship decisions, another researcher studied whether and how student loan debt affected marriage rates. According to the results of the study, the probability of marriage decreased between 3 to 4 percent in cases where there was $10,000 in student loan debt.

Financial difficulties and disagreements over spending and finances have long been understood to contribute to marital problems and divorce in the U.S. Consequently, couples are encouraged to discuss their personal and joint finances in order to develop an effective plan for paying down debts like student loans. People are also reminded that there are multiple ways to address financial concerns successfully.

Source: MoneyTalksNews, “Love vs. Loans: How Student Debt Sabotages Relationships,” Krystal Steinmetz, July 25, 2015

No Comments

Leave a comment
Comment Information

Tell Us About Your Experience:

Why We Are The Firm You Want On Your Side
  • 24

    24/7 Access To Your Attorney

  • Honest

    Honest And Practical Advice

  • Aggressive

    Aggressive Advocacy

  • Regular

    Regular Status Updates

  • In-depth

    In-depth Knowledge of The Local Judicial System

  • Caring

    Caring Service For Your Difficult Family Law Issues

Email Us For A Response

From Start To Finish -Our Attorneys Will Be Here To Guide You Identifying good and bad decisions in difficult family law matters is what allows you to take the best possible steps forward. Protect what matters most with Epperson Law PLLC.

Bold labels are required.

Contact Information
disclaimer.

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.

close

Privacy Policy

Weddington Office
13657 Providence Road
Weddington, NC 28104

Toll Free: 888-805-8163
Phone: 704-288-1359
Weddington Law Office Map

Boone Office
184 North Water Street
Boone, NC 28607

Toll Free: 888-805-8163
Phone: 704-288-1359
Boone Law Office Map