On behalf of The Law Office of Gustavo E. Frances, P.A.
Contrary to the popular belief, a high-income household does not necessarily translate into a strong marriage destined to last for decades to come. A high salary does not mean that a married couple is less likely to call it quits.
“However, it would be naïve to say that income and money play absolutely no role in a couple’s decision to get divorced,” says our Fort Lauderdale divorce attorney at The Law Office of Gustavo E. Frances, P.A. “All we are trying to say is that a couple may file for divorced even if one or two of the spouses have more money than they can spend.”
A high-income household doesn’t mean a strong marriage
You know what they say. Lack of money is the biggest cause of stress in a marriage and one of the biggest factors causing divorce. And this is clearly evident from a survey of over 2,000 adults by SunTrust Bank, reported by CNBC. A whopping more than 35 percent of the respondents said money was the sore point in their marriage.
But here is the thing: it isn’t just couples struggling to make both ends meet who have problems in their marriage. High-income couples cited “money” as the reason why their marriage was on the rocks, too.
High-income lifestyle and gender roles in marriage
Our experienced divorce attorney in Fort Lauderdale explains why high-income couples face problems in their marriage. You need to understand that families with big salaries often have big expenses to satisfy their financial appetites and needs and keep up with their lifestyle.
This constant need to keep up with the high-salary lifestyle can cause stress similar to the stress experienced by low-income couples who barely make both ends meet. Contrary to the popular belief, even high-income couples might need credit cards because many of them have never contributed to retirement funds or savings accounts.
On top of that, high-income couples are more likely to follow traditional (and somewhat archaic) stereotypes regarding income discrepancy and gender roles in marriage. Typically, one of the spouses brings home all the bacon (more often than not, a man), while the other spouse (usually, a woman) stays home or is employed with low or average income. These gender roles and stereotypes can negatively affect the balance of power in a marriage and put a tremendous amount of strain on the marriage.
How the economy and spending time apart affect a high-salary household
Also, earning big bucks often means having to spend a substantial amount of time at the office or traveling abroad away from home and family to attend business meetings and whatnot. That means the spouses barely even see each other, which can cause serious problems in their marriage.
And let’s also not forget that the economy is one of the biggest factors when the choice “to divorce or stay together” arises in a marriage. After all, as the economy gets stronger, the incomes of both spouses increase, which, in turn, means that spouses feel more confident in splitting their money, assets, and property.
Oftentimes, couples choose to stay together despite having problems in a marriage simply because they will not be able to afford the cost of divorce or because being single and unmarried will substantially affect the lifestyle they have gotten used during their marriage.
Regardless of whether you are a low-income or high-income couple, it is essential to seek legal help from a Fort Lauderdale divorce attorney, as the financial repercussions of a divorce can be quite tough to handle. The last thing you would want is your property or assets being unfairly or inadequately split in the divorce.