Divorce is stressful for every family as everyone adjusts to a new way of life. Children may have the hardest time with this period of adjustment, especially when the parents are going through a high-asset divorce.
Research shows that children of divorcing parents with high incomes may exhibit more negative behaviors than children of divorcing parents who had medium to low-incomes.
Why are children of high-asset divorce suffering more than other kids?
There is no concrete evidence to explain why kids of high-asset divorce suffer more negative effects than other children, but there are some theories as to why:
- Once reason is that high-income couples are historically less likely to divorce. This means that when a divorce occurs, it may be more devastating to a child who may not have seen the same situation from other family members or friends.
- Another theory is that it is not unusual for the father, who may be the primary earner in the home, to move out. This may have a dramatic effect on the lifestyle of the mother and the remaining children. They may have to move to a different home, change schools or simply not enjoy the usual standard of living that they had been used to.
- Child custody, and where the child spends the majority of their time, can also be a factor. If the child splits time between two homes and experiences a different lifestyle from one home to the other, this may cause negative feelings. For example, it would not be surprising for a child to be frustrated when there is a clear disparity in homes.
No matter where a family stands on the economic ladder, a divorce or separation will affect a family and the kids differently. If you are considering a high-asset divorce that includes children, you may want to put extra focus on their well-being. It may help them get through the divorce in the best possible way.