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Protecting Your Rights In Family Matters

How does wealth factor into divorce?

On Behalf of | Oct 19, 2022 | Divorce

When going through divorce, numerous things can trigger arguments. Wealth is one of the biggest impacting factors.

How does wealth impact arguments in divorces? Does having a higher asset amount mean a couple will get into worse arguments?

Assets tied to arguments

Business Insider discusses the way wealth impacts divorce. While finances do have a very distinct impact on divorce, it is not necessarily in the way that people may expect.

First, higher wealth does sometimes spur more arguments. Couples with a net worth between $1 and $5 million tend to fight viciously over assets in divorce, for example. This is likely because they have enough money to live comfortably, but not enough to sustain the lifestyle if they end up losing a big chunk of money to their ex.

High assets and amicable divorces

On the other hand, couples with a net worth of over $5 million actually had more amiable divorces than any other wealth bracket. This is likely due to the fact that couples with this much wealth no longer feel the same financial insecurity, if they feel any at all. They often fight over immaterial matters like social status if they do fight at all.

As for couples with a net worth of under $1 million, they tend to fight quite a bit over assets, too. However, this is largely due to fear of being unable to even maintain the basic necessities, rather than fear of losing an elevated lifestyle.

Thus, assets and finances do impact arguments in a divorce and can vary in numerous ways.

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