Divorce is one of the most challenging life situations for most people. Several factors can lead to it, and money is one of them. Money is a sensitive topic in different institutions, including marriage — and it can play a direct or indirect part in whether a marriage works or not.
This guide discusses how money can lead to a divorce. It may surprise you.
While money should not be a determinant of the strength of a marriage, a lack of it can bring up issues that may lead to a divorce. For instance, when a couple takes loans to maintain their life, they may have problems in the future. High debts can strain a marriage, and tension may arise concerning how the debts were spent or how to pay them. This can lead to conflicts that can last for a long time, affecting the marriage.
Plenty of money
Why do wealthy people get a divorce? Well, more money often translates to more reasons to stress — especially when there’s an imbalance of financial power between a high-earning spouse and a stay-at-home or low-earning spouse. Further, a couple with money may disagree on spending habits, especially when one spouse is a spender and the other a saver or an investor.
Like any other form of unfaithfulness, financial infidelity can increase the chances of a divorce. Examples of this infidelity type include:
- Having secret bank accounts
- Hiding assets from the other spouse
- Gambling debts and shopping addictions
- Hiding debts, like secret credit lines
One may feel their spouse doesn’t trust them when they find out. This may create room for questions, and issues can get out of hand.
Money can lead to a divorce or at least bring up issues that will. If you have opted to dissolve your marriage, you should learn more about your decision to avoid costly mistakes.