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2 financial issues that can lead to divorce

On Behalf of | Apr 19, 2024 | Divorce |

Are you going to get divorced for financial reasons? You’re not alone. It’s one of the top reasons that people cite when ending their marriages every year.

But that doesn’t mean that all of these divorces look the same. There can be different financial reasons that cause people to split up, and they may have an impact on how the property division process plays out. As such, it’s important to know how this may happen. Below are two examples.

Job loss

First of all, research has found that job loss often leads to a divorce in the future. Once someone gets fired or laid off, their odds of a divorce will always be higher than someone who maintained their job. There are many potential factors that play into this, but a big part of the problem is simply that job loss reduces the family’s income and makes it harder for them to pay their bills. This type of financial stress could eventually stabilize the marriage.

Different values 

Another thing to consider is that people sometimes have different values. Maybe you value spending your money, enjoying your life and doing the things you want to do. Your spouse, on the other hand, values saving money and putting it aside for the future because they like stability. Both of you may firmly think that you are right and the other person is wrong, and you will feel like you’re working against each other.

If you do end up getting divorced, the complexities of property division are real, so it’s important to know what steps to take. Working with an experienced legal team can help at this time.