Are finances taking a toll on your marriage? You're not alone.

Given the economic turmoil we've seen over the past decade, it's no surprise that 59 percent of divorcees recently surveyed by Experian report that finances (money problems, debts, spending, etc ...) had played a role in the break up of their marriage. Of those surveyed, 40 percent went as far as to say the financial consequences of the divorce were so severe that they'll never remarry, and 73 percent say that if they ever do consider remarrying, it will only be to a "partner with good credit."
Experian also reported other key findings from the survey, including:

  • 59% of respondents regret not being more financially independent in their marriage.
  • 54% say their former spouse spent too much money, and that was the financial issue that played a role in their divorce.
  • 53% say they were not financially compatible with their former spouse.
  • 50% say their former spouse ran up credit card debt on joint accounts.
  • 49% say their credit got worse during their marriage.

You can read the full results of the Experian survey here

 

Steve Kokensparger is a partner at Kokensparger + Ryan, and is dedicated to helping real people with complex divorces, child custody and support litigation, and estate planning. Steve loves to discuss new cases. If you have a legal issue you would like to discuss with Steve, Contact Us!

More