Reisinger Booth & Associates, P.C., L.L.O.

Income inequality can kill a marriage and lead to divorce

Every marriage is going to have ups and downs. In some cases, those ups and downs are because of financial issues. One issue that can creep up revolves around income inequality. A recent CNN article brought up the point that husbands are more likely to cheat on their wives if she makes more money than he does.

When you think about income inequality in a marriage, it is easy to see the problems that can creep up. The spouse who makes less money might feel bad about spending money. In some cases, he or she might feel resentment toward the spouse who earns more money. There is often a power struggle that ensues. In some cases, lying about financial matters and overspending might occur.

Couples who are dealing with income inequality have to work hard to make sure that their marriage doesn't end in divorce. Creating a budget, discussing all financial matters and working together to handle the housework are all some way for couples to work through the income inequality.

It is important for spouses to realize that they are a team and should work together to make the marriage work. That means that both spouses have to be flexible in their expectations and their actions. When this isn't possible, the marriage might dissolve.

If your marriage is over and you need to file for divorce, you should work to understand how the divorce will be affected by income inequality. Learning about some options for the property division settlement, child custody, child support and other aspects of the divorce might help you to decide on your plan of action.

Source: Money Crashers, "How to Deal with Financial Income Inequality in Marriage," Casey Slide, accessed June 09, 2015

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