Financial Impact of Divorce on Women

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It’s not breaking news that almost half of married couples will eventually divorce; after all, America has the 6th highest divorce rate worldwide.

Yet even though divorce is so common, we still hold distorted views about the reality of divorce and how it impacts women.

This idea that the woman always takes more than half of the man’s money, keeping the house and the car while the poor guy goes on to live in a single-bedroom apartment with only a mattress to sleep on, is simply not true.

Because of socioeconomic disparities between genders in all private and public spheres, women are affected much more negatively than men when a couple divorces.

How Divorce Impacts Women Financially

Several studies have now shown that the economic consequences of divorce almost always fall heaviest on the woman.

At the same time, statistically, the man experiences greater financial success after the fallout-highlighting the ever-present divorce gap.

The numbers are shocking: a study carried out by Richard Peterson quantifies that after divorce…