How Do Finances Contribute to Divorce?

By Kantrowitz, Goldhamer & Graifman, P.C.Family Law Attorney

Are you unhappily married? Does the thought of being around your spouse much longer seem too stressful to handle? You should not fret, as each year, thousands of marriages across the United States end divorced. divorce

Sometimes, marriages can become intolerable because of issues like finances. In 2012, Psychology Today reported that one of the most significant factors leading to divorce is the differences in money management styles between partners.

In some cases, the fighting occurs over another person’s penchant for expensive items. This can create tension and fighting, which can become overwhelming.

Amazingly, CNN recently reported that two professors at Emory University found that there was a correlation between wedding costs and divorce rates. The economic professors discovered that couples who had weddings that were more expensive were more likely to become divorced.

According to their study, which was conducted among 3,151 adults in the United States, women whose weddings cost more than $20,000 had a divorce rate roughly 1.6 times higher than women did whose weddings cost between $5,000 and $10,000.

“Overall, our findings provide little evidence to support the validity of the wedding industry’s general message that connects expensive weddings with positive marital outcomes,” professor Andrew M. Francis told CNN.

How Can I Contact Paul Goldhamer about a Divorce?

If you are contemplating divorce, attorney Paul Goldhamer has decades of experience litigating family law cases. He is recognized as one of the leading family law attorneys in New York and New Jersey, and he understands how finances can play a role in a marriage dissolving.

Our attorneys can help you in matters of child custody and visitation, division of marital assets, and alimony and child support, if you have divorce fears.

Additionally, our firm is affiliated with a number of financial planners who can help you with preparation following your divorce. Let our firm arrange your initial consultation. Call attorney Goldhamer today at (800) 711-5258.

Kantrowitz, Goldhamer & Graifman, P.C. – Divorce Attorneys

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