For as long as divorces have happened, people have speculated about the impact of wealth on the volatility or even the cause of many divorces.
Some people believe that those with more assets will have worse fights. But is this true?
People below $1 million in net worth
As Business Insider states, wealth may have an impact on volatility in divorce. However, in many cases, it is actually people with fewer assets who fight more.
Those who have under $1 million in net worth tend to fight over assets quite a lot due to scarcity. Many couples in this situation fear an end to their comfortable life and worry that they will face financial instability due to the divorce. This causes them to fight more violently to get a bigger share of the assets.
People between $1 to $5 million in net worth
Couples with a net worth of between $1 and $5 million also tend to fight a lot. This is because they do not have enough money to be “set for life”, but they make enough to know what they could lose if they end up doing poorly in the divorce.
Wealthy couples of over $5 million
However, couples with a net worth of over $5 million seem to have more amiable divorces than anything. It is speculated that this is due to the fact that at this level of wealth, there is no real reason to feel financial security anymore.
Thus, couples of this wealth bracket tend to fight over things like social status and position, if they fight at all. Generally, it is people in lower wealth brackets who fight more.