Wealth has ties to divorce statistics in numerous ways. However, while some people expect that higher assets always equal more fighting, that is not necessarily the case.
In what ways do finances affect divorce, though? Where do the most volatile arguments about assets tend to stem from?
Higher wealth, higher amicable divorce rates
Surprisingly, Business Insider states that divorce volatility is impacted by assets and wealth, but perhaps not in the way some expect. In fact, the highest rate of amicable divorces actually occurs in the highest level of wealth.
Couples with a net worth of over $5 million have the highest rate of amicable splits and the fewest number of confrontations over assets and finances. When these couples do argue, it tends to be over unrelated matters like social standing.
This is likely due to the fact that couples at such a high level of wealth no longer feel financial insecurity. One divorce will not end their lifestyle as they know it, and they will have enough to continue to support themselves even without a spouse.
Financial insecurity leading to divorce
On the other hand, arguments over assets are quite high with couples between $1 and $5 million in net worth. This is because these couples still feel financial insecurity, most likely.
While they have the ability to get through a divorce relatively unscathed, they also have the risk of losing their current lifestyle and level of comfort. Thus, they will fight more aggressively to keep as much as they possibly can and avoid returning to a “lesser” style of living.