There are as many reasons for divorces as there are couples, and few can predict what will cause a couple to ultimately call it quits. Studies have shown, however, that an overwhelming number of couples divorce over money. Understanding how money issues can lead to divorce is crucial in taking steps to avoid the conflicts.
According to published studies, fights over money are the leading predictor of marital strife and eventual divorce. There are a number of theories that explain this, and researchers are hoping to find ways to curb the numbers of couples headed for “Splittsville.”
One Partner Out-Earns the Other
While most couples find equitable ways to distribute joint income, there may be power struggles when one partner vastly out-earns the other. If one spouse is proving the majority of the income, it can lead to resentment, arguments and an erosion of the respect in the relationship.
Savers Marrying Spenders
When couples have disparate ideas about how to spend the family finances, arguments can erupt. If one partner is focused on saving for retirement, living frugally and investing while the other believes in spending money freely, disagreements are bound to ensue. Pre-marital counseling can help to eliminate these arguments.
Gender Roles and Money
While many people have adopted progressive attitudes about gender roles and equity, many people still conform to long-standing ideas about gender roles and money. When the wife is the breadwinner and the husband is the stay at home parent, they may receive backlash from outsiders which can put a strain on the marriage. Men may feel emasculated by the wife’s power while the wife may feel resentment about having to play the traditional “male role.”
When it comes to money, it can easily drive even the happiest couples to divorce. Getting financial counseling is key to enjoying marital harmony.