It’s often money that leads to the end of a marriage. Many people cite financial problems when they announce that they plan to get divorced. They’re running into serious financial issues, those issues are causing a lot of stress in the marriage and they’ve decided that they just need to end it.
Often, what this really means is that the couple doesn’t have enough money. For instance, maybe one spouse lost their job. The couple’s budget no longer works, they can’t make ends meet, and they’re at risk of foreclosure. If it doesn’t seem like their financial prospects are going to get better, or if they’ve been in this position for a substantial amount of time, the other spouse may consider getting a divorce.
Does this mean that being wealthy prevents divorce?
It does not. In fact, there are some reports stating that being rich only increases a couple’s divorce odds.
One reason for this is independence. If both people are wealthy, they know that they don’t need their spouse for financial security. They may be more likely to leave the marriage.
Another reason is that wealthy couples can also have financial issues; they just have a higher standard of living. However, they could still struggle to make car payments or mortgage payments, and they could still experience income reduction or job loss. It just happens in a different tax bracket, but it can create the same financial and marital strife.
If you are getting divorced, especially if finances are an issue, it’s important for you to have experienced legal guidance. This can help you protect your rights and your finances.
