BRITAIN could be heading towards a huge increase in divorce rates as today's unstable economy starts to take its toll on families.
Leading Liverpool law firm, Quinn Barrow, warned couples to reflect on their domestic situation as Britain’s economic conditions worsen.
A recent study shows financial worries are one of the most common reasons for marital break-ups. 37% of those surveyed admit financial concerns result in them spending less time with their families while 50% say it causes them to be short tempered with loved ones.
The study also reveals that more than two million adults confess financial worries lead to a loss of their sex drive. 1.3m women and 732,000 men suffer from a loss of libido due to fears about their financial situation, with results being significantly more pronounced for Northerners.
Paul Barrow, a partner at Liverpool-based Quinn Barrow solicitors, said:"The number of people affected by the credit crunch is rising and while we are all aware of the financial implications this can cause we are failing to focus on how these issues can seriously affect our personal lives.
"Financial worries can place a huge strain on marital relationships and cause severe breakdowns in communication. As leading specialists in family law we have witnessed first hand how families can suffer from the unforeseen consequence of today's unstable economy."
Britain experienced a rise in divorces in the 1990's during the recession and unless the country's economy begins to stabilise legal professionals fear that divorce levels will be on the increase.