Higher Incomes Linked With Higher Divorce Likelihood

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Higher Incomes Linked With Higher Divorce
Likelihood
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Moneyyouve always heard that it makes the world
go around. You may have also heard that its the
root of all evil. But now experts are telling us
that money may have a lot to do with your chance
of going through a divorce. Apparently, the more
a couple makes, the more trouble begins to brew
between them and the higher their likelihood of
calling it quits for good. This seems to be
supported by the American Academy of Matrimonial
Lawyers, or AAML, an organization that claims
that the number of divorces tends to increase,
rather than decrease, during periods of growth in
the economy when incomes rise across the board.
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Leading Cause Of Marital Woes Cold Hard Cash

• It is no secret that money issues are a factor in
  most divorces. In fact, many of the fights that
  send couples spiralling down the road toward
  divorce revolve around money in some way. They
  either dont have enough of it, one makes more
  than the other, or they cant agree on how to
  spend it. This makes money the leading cause of
  relationship stress, according to SunTrust Banks
  survey of more than 2,000 adults.

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Mismatched Credit Scores, Mismatched Hearts?

• The Federal Reserve Board has its own research on
  marital money problems to throw into the pile.
  According to the Feds researchers, a couples
  credit scores are a good predictor of the
  expected longevity of the marital match. The
  greater the disparity between scores, the more
  likely the couple is to separate during the first
  five years of their union.

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• High credit scores for both spouses were an
  indicator of the longest-lasting relationships,
  says the Fed. And the higher the credit scores of
  the couple when they begin their relationship and
  the better their financial footing, the less
  likely they were to split.

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High Net Worth Equals Higher Stress

• So what is it that makes richer couples more apt
  to part ways? According to experts, maintaining a
  more expensive lifestyle opens the couple up to
  bigger discrepancies in regards to money. In many
  cases, one of the spouses in a couple with a high
  net worth is not working, which leads to economic
  disparity in the marriage.

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• Higher-earning couples may also travel more for
  work, leading to a lot of time spent apart, and
  this can be another source of marital strain. The
  AAML says that when the country experiences a
  downturn, divorce rates also decline. This is
  likely because couples may be more willing to
  wait it out or try to reconcile when budgets are
  tight and their financial outlooks are not as
  rosy.

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Hire An Attorney

• Divorce attorney in Salt Lake City at Emy A.
  Cordano, Attorney at Law, understands that
  marriage is complicated. If you are unable to
  reconcile with your spouse, Emy Cordano is here
  for you every step of the way.

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Contact Details

• Address
• 6465 S 3000 E, Suite 103Salt Lake City, UT 84121
• Phone No
• 801-804-5152
• For more details
• https//www.cor-law.com/contact-us.html

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