The Cost-of-Living Crisis and Divorce

As the rates of energy, fuel and household bills continue to increase, families across the UK adjust budgets and cut costs to manage the rising cost of living crisis. But what does this uncertainty mean for divorcing couples?

The Office for National Statistics has reported, due to the on-going increase in everyday living costs, individuals are cutting back on fuel and food spending. It is estimated that 46 million people have had to change their spending habits and 13% of people are thought to be using credit cards to cope with the crisis.

This then has a knock-on effect on fractured families who feel they must stay together, against their wishes, as they feel unable to fund their living costs as a single parent as well as pay the cost of their divorce and possible financial remedy proceedings.

Although some may feel that they are trapped in an unwanted relationship, in a time of unprecedented change and inevitable recession, those individuals must seek advice from a Family solicitor who will be able to offer solutions and a way out of a seemingly bleak situation.

If you are considering divorce or separation, our specialist Family Law solicitors can help. If you have any questions about the issues raised above or would like guidance on any other related family matters, please do not hesitate to contact us on 0161 624 6811 (option 5).