Financial stress increases chances of divorce

Frequent fights about financial issues undermine a Nebraska couple's ability to communicate. Ultimately, failing communication could end a marriage. A university study confirmed this by identifying ongoing financial disputes as a red flag for divorce. Money woes upped the likelihood of divorce by 30 percent.

Marriages often begin with the partners bringing debt to the table. A survey sponsored by Fidelity discovered that over 50 percent of marriages start in debt, and 40 percent of spouses agree that the financial burden strains their relationships. Debts can create arguments because sometimes people reject their responsibility for the debts. The survey found that 49 percent of spouses contradicted each other about who should pay the debts.

Out-of-control debts can increase stress between spouses when credit card bills interfere with paying for basic utilities. Excessive debt could even result from spouses trying to buy happiness with purchases they cannot afford, like a new car. This behavior adds to their burdens and contributes to a deteriorating relationship.

People can take proactive approaches to paying off debt and imposing order on their financial lives. These actions could reduce relationship stress. At times, however, a person might conclude that a relationship has eroded to the point where marital separation becomes necessary. A person who possesses significant assets or debts might want insights about legal rights before negotiating a divorce settlement. An attorney could strive to defend the person during property division and prevent costly decisions made during emotional conflicts with a former partner. Ideally, a person might come to terms with the ex-spouse outside of court, but an attorney could litigate the divorce if the person wants a judge to settle a financial dispute.

No Comments

Leave a comment
Comment Information
  • Nebraska State Bar Association
  • American Association For Justice
  • Illinois State Bar Association
  • The Missouri Bar | Lex
  • ABA | Defending Liberty Persuing Justice
  • United States District Court

How Can We Help You?

Bold labels are required.

Contact Information

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.


Privacy Policy

London Law Office P.C., L.L.O.

London Law Office P.C., L.L.O.
1701 South 17th Street, Suite 2C
Lincoln, NE 68502

Phone: 402-817-2890
Lincoln Law Office Map

Find Out How We Can Help You. Call 402-817-2890.