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Have divorces been delayed by the cost of living crisis? Ben Stowe debates the Legal & General’s findings on Times Radio

05/01/2024

Benjamin Stowe started the new year as an expert guest on Times Radio.

On the 2nd January, Ben, calling on his mobile from a train in Wakefield, joined Ed Vaizey, sitting in for Mariella Frostrup, to debate the validity of the Legal & General report that this year, because of the current cost of living crisis, more than 270,000 couples have delayed splitting up.

The Legal & General research claimed that financial pressures delayed 19% of divorces this year citing the impact has been particularly pronounced since 2020, as a result of income concerns, cost of living pressures and the price of divorce.

Ben did not quite agree with the findings stating that in his experience, whilst financial pressures may impact on the health of a relationship, pressures are more likely, rather than less likely to result in clients turning to him for advice. Ben suggested that financial pressures “drive people to divorce rather than postpone it”. He also stressed that these financial pressures are “never-ending” citing the Covid pandemic, Brexit and the recession.

Co-expert, psychotherapist Lucy Beresford, concurred with Ben that there have always been financial pressures which delay divorce but feels that it is more about new year being a turning point when people reflect how they want their lives to be.

You can listen to the full interview here – scroll to 1.25

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