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Do finances impact your divorce?

On Behalf of | Jan 5, 2023 | Divorce |

Popular myth states that the more wealth a couple accrues, the worse their divorce will end up. This is due to the perception that arguments over wealth make up a big part of divorce.

But how true is this myth? Do finances actually dictate whether or not a couple will end up fighting?

Looking at wealth and arguments

According to Business Insider, finances do have an impact on divorce in many ways. However, it is often not in the way people commonly believe.

First and foremost, it is impossible to ignore that finances do sometimes lead to arguments among divorcing couples. This is why upper-middle-class couples received the nickname “the fighting class”, as they continually get into enormous arguments over assets.

However, at the same time, couples with a net worth of over $5 million tend to fight less. In fact, they have the highest rate of amiable divorces out of every wealth bracket.

How do couples view wealth?

So does this mean that wealthier couples actually fight less? Or does it mean that once a couple hits a certain level of wealth, they have fewer arguments?

Studies indicate that it has less to do with the amount of assets accrued by a couple and more to do with how that couple views the assets they accrue.

In short, some couples feel more financial security than others, even if they do not have that many assets. The more assets a couple has, the more likely they are to feel financially secure. But this is not always the case, and as such, wealth is not a good indicator of whether a couple may fight in divorce.