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How money can lead to a divorce 

On Behalf of | Dec 2, 2022 | High-asset Divorce

One of the most common things people will mention when talking about why they’re getting divorced is that they have issues surrounding money. These can be very different from one relationship to the next. For example, one person could be concerned that their spouse is too controlling with money while the other could be worried that their spouse has an addiction that is causing overspending.

But, in many cases, the issue is simply that the couple is always living paycheck to paycheck and they don’t quite have enough money to make ends meet. They think that the relationship would improve if they just earned more and had more financial stability. But is this true?

It happens at all earning levels

Unfortunately, this is rarely how it works in reality. There is something to be said for removing yourself from a problematic financial situation, but don’t assume that wealth means you won’t get divorced.

In fact, because wealthy people often also live paycheck to paycheck, they can have the same issues that couples will have with less money. These individuals have higher consumption rates and more expensive assets, but they’re still spending money the same way, and they still have the same type of stress about paying the bills at the end of the month. It’s just that their mortgage or car payment is twice as big.

Are you getting a divorce?

Considering that some studies have shown that wealthy couples may even have higher odds of getting divorced, it’s clear that money is not going to prevent it, and it could happen to anyone. If you and your spouse do find yourself splitting up, be sure you know what legal steps to take.