JZ
Jay Zagorsky
17quotes
Quotes by Jay Zagorsky
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If you really want to increase your wealth, get married and stay married. On the other hand, divorce can devastate your wealth.
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Some people may also be working less and not trying as hard to build wealth as they have marriage troubles. Divorce is often a long and messy process.
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There's quite a gap between husbands' and wives' reports of their financial status. These differences may have significant impacts on everything from a couple's relationship to national reports of economic statistics.
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Couples' wealth disagreements arise because men report higher values for the family assets, while women report larger values for the family's debts.
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Divorce causes a decrease in wealth that is larger than just splitting a couple's assets in half.
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We can't tell from these data the reasons why divorced people have so much less wealth than those who are married. If you really want to increase your wealth, get married and stay married.
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While men come out slightly ahead, divorce destroys wealth dramatically for both sexes.
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