GITNUX MARKETDATA REPORT 2024

Financial Effects Of Divorce Statistics [Fresh Research]

Statistic 1

"Separation was the most critical point in the marital dissolution process, resulting in 82% and 76% reductions in personal wealth of men and women, respectively."

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Statistic 2

"In 1960, 87% of children lived with two married parents, but by 2008, that number had dropped to 64%, with 41% of children born to unmarried women."

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Statistic 3

"Women over 50 who divorced faced a 45% drop in their standard of living, while a man’s standard of living dropped by 21%."

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Statistic 4

"Divorces often occur during the first 14 years of marriage, resulting in multiple family realignments with negative long-term consequences for children, parents, and society."

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Statistic 5

"Separation was the most critical point in the marital dissolution process, resulting in 82% and 76% reductions in personal wealth of men and women, respectively."

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Statistic 6

"Half of all American children will experience the end of their parents’ marriage, and one in ten will experience the end of three or more parental marriages."

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Statistic 7

"53% of respondents were not financially compatible with their former spouse, 54% said their former spouse spent too much money, and 59% regret not being more financially independent in their marriage – emphasizing the importance of discussing finances before marriage."

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Statistic 8

"Men typically experience less severe financial impacts from divorce than women, with men’s household income falling by just 23% after divorcing past the age of 50 and their income increasing by 25% after leaving a childless marriage."

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Statistic 9

"Children of divorced parents have a lower probability of completing high school, attending college, and completing college"

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Statistic 10

"In South Africa, if no ante-nuptial contract is signed, the default marital regime is that one spouse will become the 100% owner of the communal home, with a suitable financial adjustment between the spouses to account for the value of the other spouse’s 50% share."

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Statistic 11

"In 1960, 87% of children lived with two married parents, but by 2008, that number had dropped to 64%, with 41% of children born to unmarried women."

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Statistic 12

"35% of people blame finances for the stress they experience in their relationships, 54% of respondents believe debt is a major reason to consider divorce, and 43% of respondents hide substantial credit card debt from their partner."

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