Around one in six recent divorces were put off due to financial reasons, with 17% being deferred due to money worries, according to recent research. The findings, emerging from a survey by Legal & General Retail, reveal that concerns about income, rising living expenses, and the overall cost of divorce have delayed separations for many. This new data highlights how financial uncertainties can influence important life decisions, especially during economically challenging times.
The survey underscored that 41% of divorcees felt the financial split was not equal, with significant disparities influencing their post-divorce stability. It was found that while half considered the family home's value during asset division, only 13% thought about pensions, which could potentially expose some individuals to financial difficulties in their later years. This lack of insight into financial assets during divorce proceedings poses serious risks for one partner, especially those who had taken time off for childcare or caregiving.
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