Divorce statistics: divorces costing more even though legal fees have gone down
According to the most recent figures from the Office of National Statistics, 118,140 marriages and 794 civil partnerships ended in England and Wales in 2012, while 9,700 marriages and 67 civil partnerships ended in Scotland in 2012–13.
A new report from insurance firm Aviva has found that the average cost of divorcing for each couple has risen 57 per cent, from around £28,000 in 2006 to £43,900. The extra cost doesn’t necessarily come from legal fees — which Aviva reports have actually fallen in that time, from £1,818 to £1,280 — but from what could be called a post-divorce consolation ‘splurge’. One in eight say they spent an average of almost £2,000 on a holiday ‘to celebrate their newly single status’. A similar number spent an average of £1,200 on new gadgets, while eight per cent spent £1,400 on new clothes and jewellery. Almost 12 per cent of the participants in the survey invested an average of £2,100 on learning a new skill or starting a new hobby. Significant costs are the £3,371 in annual child maintenance payments, and £4,320 that new childcare arrangements can cost…
Click on the link below to read the rest of the IBB Solicitors briefing.
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