Wealth has many impacts on people’s decisions regarding whether to get a divorce in the first place.
But after that point, does wealth actually impact any matter of divorce? If so, how?
Do higher assets equal more fights?
Business Insider talks about the effect that wealth may have on arguments in divorce. In terms of stereotypical beliefs, many think that having more assets equates to a rockier divorce. After all, with more assets to fight over, more fighting will naturally happen, right?
But studies show that this may not be the case. In fact, couples with over $5 million in joint net worth fight less than any other wealth bracket and have a higher rate of amiable divorce than any other bracket, too.
On the other hand, couples who have a joint net worth of between $1 and $5 million fight more than any other wealth bracket, including couples with a joint net worth of less than $1 million. In fact, they fight so frequently that the press has given them the moniker “the fighting class”.
Understanding financial security
So what is the biggest correlation between fighting and assets? If couples with large sums of money fight less, but couples with a decent amount of money fight more, what does that mean?
It could boil down to financial security in the end. In short, couples with over $5 million in net worth already feel “set”. They do not have to worry about whether or not they will lose life-disrupting amounts of money during the divorce.
On the other hand, couples with $1 to $5 million in joint net worth have a lot of money, but not so much that a divorce going badly could not do them serious financial damage.
Thus, the more financially secure a couple feels, the less likely they are to fight. It does not necessarily relate to the actual amount of assets they have.