Protecting What Matters Most

It’s a common misconception that wealth prevents divorce

On Behalf of | Jun 28, 2021 | Divorce

People often state that money is one of the leading causes of divorce in the United States, and they’re not wrong. Often, problems with money — failing to pay the bills, dealing with financial stress, watching a partner waste money on an addiction, etc — are the catalyst for divorce. 

This leads to the thought that perhaps wealthy couples, who do not have to deal with this same financial stress, are less likely to get divorced. After all, if you remove one of the main causes of divorce, you would think that the marriage would be more stable, right? 

The truth: Divorce odds may increase for wealthy couples

In truth, some have said that a level of wealth may actually increase divorce odds. It certainly does not prevent a divorce, and it can make it more complex when the couple decides to split up. 

For one thing, financial stress is still possible, regardless of income. Someone who earns $2 million per year may have the same stressor over their bills as someone who earns $20,000 per year — it’s just that their bills are different.

Additionally, wealthy couples may feel more freedom to get divorced. They know that they do not have to rely on one another for any level of income. They may be more open to choosing what makes them happy in life, without any financial pressure to stay in the marriage, and so they could choose divorce if it’s what they want. 

Exploring your options in a divorce

If you are going through a complicated, high-asset divorce this year, be sure you take the time to carefully consider all of your legal options. Protecting your interests in a divorce requires a significant legal strategy when there’s a lot at stake.

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