FYI
Falling stocks, rising divorce rate
Published: Sun, Aug. 12, 2007 12:00AM
Modified Sun, Aug. 12, 2007 01:48AM
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closeIn all the fallout from the recent stock market rout, here's one angle you might not have considered: Divorce lawyers get busy when stocks get skittish.
"Volatility results in marriages shaking out," Lee Rosen, CEO of the Rosen Law Firm in Raleigh, told the Associated Press. "There are always marriages on the edge. If it [Wall Street] is down by 10 percent because of a couple of bad weeks, it becomes one more thing that one spouse uses to blame the other."
Rosen hasn't seen yet whether this latest Wall Street downturn will bring in new business, but he saw a boon during the dot-com bust. "A little volatility in the market is always helpful to our bottom line."
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