Does divorce make men richer?
'It makes financial sense for men to divorce or leave their partners, a study has found.'
YEAH RIGHT!! I said. Well here’s what the study convinces all you holding on to your marriages in fear losing it all.
According to social researcher Cecile Bourreau-Dubois, men who stay married invariably end up poorer than those who leave their partners. Apparently, the effect of divorce on a man’s bank balance even outweighed the financial benefits of either partner getting a better job when they are leaving together.
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However, the reverse was true for women.
According to Mark Stephens, a senior partner at law firm Finers Stephens Innocent, women invariably hang on to the children hence gaining custody in a divorce. This reduces their earning potential. On the other hand, the man’s wage will often increase ahead of inflation, with maintenance payments quickly falling behind.
“Over a very short period of time, maintenance is devalued by inflation,᾿ Mr. Stephens told BBC News Online. “Most people don’t go back to get it redone.᾿ So when it comes to savings, divorced men will save on school fees, family holidays and other expenses.
However this doesn’t stop men from complaining that they got screwed over during divorce settlements. When they get divorced, there is always the concern for buying a new house, and emotional pain of being separated from children. But once this stage is gone most men find that divorce is the best economic investment they ever made says Stephens.
Is it really the best economic investment? Ok, so it may be a sound investment as the study puts but does what about the whole implication of divorce on children? I think no amount of money covers the pain of being separated from your kids.
How about those men whose wives run away and leaving them single fathers? Is this survey misleading by making divorce some investment option with great financial benefits? Should people just give up on their marriages so they can make some lose savings in the long run?
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