When it comes to finances and assets, these matters obviously play a large role in some couples’ decision to get a divorce in the first place.
But do assets continue to impact aspects of divorce as it actually happens?
Assets as a catalyst for divorce
Business Insider takes a look at the impact of assets on divorce as the divorce is ongoing. Some people believe that having more assets will lend itself to more arguments, or more intense arguments. But how true is this?
In reality, couples with a joint net worth of over $5 million actually fight less often and have higher rates of amiable divorce than any other wealth bracket. On the flip side, couples that have a net worth between $1 and $5 million fight more than any other wealth bracket.
Both of these groups could be considered to have large amounts of assets. So what is the difference between the two that spurs arguments?
A lack of financial security
It may boil down to how financially secure a person feels. At between $1 and $5 million, a couple can live in relative luxury. However, they are not set for life. One wrong financial mishap could potentially end their lifestyle, which is usually something both individuals want to avoid.
On the other hand, couples with over $5 million in net worth tend to feel more financially secure. Without this weight on their shoulders, they can instead focus more on the immaterial aspects of divorce, which is indeed where their disputes tend to center around.