Why promoted women are more likely to divorce
In an era where “having it all” appears within grasp, this might yet remain elusive for high-achieving individuals. Research from the American Economic Journal suggests that the divorce rate escalates for women occupying top political roles and executive positions, occuring more rapidly than for their male counterparts. Understandably, the pursuit of a clean break order to sever all financial ties upon divorce becomes a priority for high-income individuals. This article delves deeper into the complex reasons why high earners are more prone to divorce and outlines potential measures to ensure a secure financial future post-separation.
Reasons for divorce amongst high-earning individuals
Increased focus on career and emerging opportunities in contemporary times
The demographic of high earners is expanding amongst women. Young, ambitious individuals are increasingly prioritising their careers over traditional domestic roles. This can create unique challenges within marriage. A significant paradigm shift occurs when one spouse begins out-earning the other, which can induce feelings of inadequacy and create marital discord. This can be especially challenging for those accustomed to the traditional role of being the breadwinner of the family.
Higher probability of infidelity in marriages involving high-earning individuals
Research also illuminates an increased likelihood of being unfaithful when one spouse is a high earner. When a person’s conventional role as the primary financial provider is challenged by their successful partner, their identity might feel threatened. This insecurity may trigger a need for self-affirmation. For some, seeking an extramarital romantic relationship becomes a pathway to achieving this validation, introducing complications that often culminate in divorce.
The balance of domestic duties
Despite the notable shift in gender roles, the partner engaged in a high-profile role often struggles with balancing their career and household responsibilities. They might find themselves managing the household, undertaking cleaning tasks, preparing meals, caring for children, and orchestrating family schedules. According to a report by the Journal of Family Issues, the more financially dependent one partner is on the other, the less they contribute to household chores. This persistent imbalance can breed long-term resentment, setting the stage for divorce.
Securing a clean break order in a divorce
For divorcing individuals who have invested substantially in their careers, protecting their financial future is of paramount importance. Hastily navigating a divorce without thoroughly addressing financial matters may risk future security.
Precautionary steps:
- A divorce does not inherently sever financial ties with a spouse, and there exists a possibility for one party to lodge a financial claim against the other decades post-divorce. In marriages of relatively short duration, a clean break order can terminate all financial obligations between partners by mutual agreement. Nevertheless, if the couple shares children still in education, there will be an ongoing financial obligation to cater for their needs.
- In longer marriages involving children and a variety of accumulated financial assets, securing a clean break order can prove complex. In these scenarios, partners might opt for a consent order, which can incorporate a clean break and detail other mutually agreed financial responsibilities. Upon court approval, this shields both parties from any future financial claims.
In all circumstances, it is prudent to seek counsel from a family lawyer. They can provide tailored advice, recommending the most suitable course of action given the unique aspects of each situation.
The editorial unit
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