Divorce Demographics: Where Marriages Unravel The Most

A Note From Patricia:

Hello and welcome to Forbes Advisor’s Weekly Brief, where each week we dive into the realities of consumer finance and empower you with knowledge to help make your financial journey easier.?

Divorce in the U.S. is all-too-common, and money troubles are a big reason why: nearly two-in-five divorced people cited financial problems as a cause of their marriage breaking up.?

In this week’s Weekly Brief, we highlight which states experience the most divorce, and you might resolve financial difficulties. A divorce isn’t inevitable, especially if your turmoil comes down to money.?

Consider our advice on how to navigate a stressful financial situation in your marriage if you’re having trouble.?

We would love to hear your thoughts or experiences in the comments section below. Have a wonderful day and hope to hear from you soon!

Sincerely,

Patricia Louis

Editor, Forbes Advisor

Divorce Demographics: Where Marriages Unravel The Most

A new study by Forbes Advisor found that when and where you get married—and your financial situation as a couple—can influence your likelihood of divorce.?

Our study looked at three key data points to determine where divorces are the most common: divorce rates by state, the percentage of each state’s population that divorces and the typical cost to divorce (some couples may not be able to afford one).?

The states where divorce were the most common, according to our methodology, were: Wyoming, New Mexico, Arkansas, West Virginia and Kentucky.??

There are many reasons why marriages fall apart, but if personal finances are a key source of stress for you and your spouse, consider:?

• Seeing a financial therapist: Similar to couples counseling, financial counselors and therapists are professionals who can provide you with educational and emotional support to help you better manage your money.?
• Being transparent with your partner: Getting real about debt and your financial situation is one way to ensure you are both on the same page about your financial situation and avoid future conflicts. A 2023 study by Edelman Financial Engines found 50% of divorced people admit their ex-spouse didn’t know everything about their spending. This can be a dealbreaker for a lot of people.?
• Find a good divorce lawyer: Ending your marriage can be a costly and lengthy process, so it is important to find one of the best divorce lawyers to help you navigate the complexities of divorce. An experienced professional can help answer your questions and make the process easier.

For more information on how finances affect marriages and to see where your state ranks, read more here .

Related Stories:?

• Divorce Checklist: 15 Dos And Don’ts In 2024
• Revealing Divorce Statistics In 2024 ?
• The Most And Least Expensive States To Get A Divorce In 2024

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