Divorce as a Wealth Redistribution Event
Divorce can reduce a person’s wealth by 77% compared to a single person. And people who stay married can accumulate about twice as much wealth as a single or divorced person. That’s the result of a study at Ohio State University.
You’ve been divorced twice? Let’s see. You lost half in the first marriage and half in the second. So you have half of a half left. Yep, about 25%.
And, because of taxes, you have to earn twice as much to get back what you lost.
On the other hand, you have more knowledge, skills, wisdom and contacts now. So it doesn’t take as long to earn it the next time. At least that’s been my experience.
Related posts:
