Steven J. Gaba - Rockville Family Law Attorney
Call Me Today:
301-738-7770

Does being rich increase your odds of divorce?

The leading cause of stress in Maryland relationships is money, so it would seem to follow that the better off financially you are, the less likely you are to divorce. However, according to CNBC, experts observe that when an economic downturn occurs and couples are more likely to have financial struggles, the divorce rate decreases, only to rise again once the economy is on the upswing. Due to the financial aspects of divorce, couples are unwilling to add a destabilizing factor to an already uncertain economic situation, but once the financial situation improves, couples may find themselves on firmer financial footing, and divorce becomes a viable option.

More money does not necessarily equal fewer problems within the domestic sphere. Having a high income does not preclude you from also having expenses, and some couples find themselves strapped for cash despite a high income, which can put a strain on the relationship. Another possible source of strain is the long hours and travel often required of a high-income job that can cut down on the earner's time spent at home with the family. 

However, there is some evidence that it is not necessarily the high income that drives couples apart but an economic disparity between partners. For example, it is not uncommon for one spouse not to work at all when the other earns a high income, and conflict can result. Another potential source of conflict is a disparity not of income but of credit. Research shows that couples with the highest credit scores tend to stay together longer, while those in which one spouse's credit score is considerably lower than the other are more likely to break up within the first five years of marriage. 

The information in this article is not intended as legal advice but provided for educational purposes only.

No Comments

Leave a comment
Comment Information
Email Us for A Response

Questions?

Get The Answers You Need.

Bold labels are required.

Contact Information
disclaimer.

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.

close

Privacy Policy

200 A Monroe Street
Suite 200
Rockville, MD 20850

Phone: 301-738-7770
Fax: 301-738-7771
Map & Directions