When going through a divorce, many people may wonder how much of an impact assets and finances actually have on the divorce itself.
While finances do often contribute to a couple’s decision to split up, does it impact the proceedings, too?
The impact of wealth on divorce
As Business Insider states, wealth is a factor in divorces, but not always in the way one may think. Beyond the initial contribution to a couple’s decision to divorce in the first place, wealth might not actually have that large of an impact.
A common misconception states that couples with higher assets and more wealth will fight more in divorce. This is partially supported by the fact that couples with between $1 and $5 million in joint assets actually do fight more than any other wealth bracket.
However, couples with over $5 million in joint assets have more amiable divorces than any other wealth bracket, too. Why do these couples with ostensibly larger wealth pools fight less?
Studies lean toward the possibility that it is not the amount of assets that a couple has so much as how they feel about it that might affect divorce arguments.
How financial security ties in
In short, couples with between $1 and $5 million in net worth may feel less financially secure or stable than their higher asset counterparts. Even though they have quite a bit of assets as well, they lack the financial security to allow them to tackle the divorce peacefully.
So rather than looking at exact asset amounts when determining how likely arguments are, it is perhaps more prudent to delve into how both parties feel about their wealth.