By Lingxiao Li
Global markets may be edging toward recovery, but the worst impact of the global financial crunch on families and couples may be still ahead, a leading Australian charity said Wednesday.
"The economy, we've been told, is showing 'green shoots'. We've certainly not seen that," Kasy Chambers, executive director of Anglicare Australia, told Reuters.
The crisis of the past year is still driving a wedge between couples and families, and could bring higher rates of divorce and breakup in the months ahead as more people lose jobs and come under financial stress, Chambers said, releasing a new report on the impact of the global crisis on families.
"If one member of a couple experiences unemployment in one calendar year, they are 70 percent more likely to experience divorce in the following year," she said.
The report said the financial fallout may continue for almost another year as companies tried and sometimes failed to retain staff. One in three families have already experienced financial distress this year, government reports show. Read More.
It is true, money the base for many things. I just don't understand how people just breakup, isn't there relationship is strong enough to survive in the situation, I guess not. By- Anshu Dixit.
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