Contributed by: Editor on Saturday, May 02 2009 @ 11:54 am
Last modified on
So, how has the recession affected different markets in the love and relationship industry? According to Yahoo News it is all up and down.
Dating Sites - UP - We have had numerous articles on this site which talks about how online dating sites for the most part are having a period of booming business (see Search Results). Singles are looking to relationships for comfort instead of material goods.
Divorces - DOWN - From a previous story we noted that 37 percent of Matrimonial Lawyers are seeing a decline of couples getting a divorced in these financially trying times. Couples realize it is more economical to stay together and try to work things out since attorney fees and court costs can sometimes run up to $100 thousand.
Romance Books - UP - Sales for romance fiction is up according to the world's leading publisher, Harlequin Enterprises. Quarter 4 in 2008 saw a 7 percent increase compared to the same quarter in 2007. The 4 years before this, sales in this category have been flat.
Weddings - DOWN - Online dating may be up but, 75 percent of couples getting married are spending less. On average couples are spending 24 percent less per wedding than they did a year ago. This is a huge blow to the $60 billion a year wedding industry.