Researchers have found what most divorcing couples only discover too late: divorce can have a devastating effect on personal wealth.
In fact, it can cut your personal wealth by an astounding 77 percent.
Researchers at Ohio State University's Center for Human Resource Research surveyed 9,000 scientifically selected people to produce some of the best evidence we now have of the financial impact of divorce.
The scientists found that divorce reduces personal wealth by about three quarters compared to that of a single person, while being married can almost double comparative wealth (a 93 percent increase). What's more, the researchers found that individuals undergoing divorce can see their income drop precipitously even before the divorce is final.
As for married couples, the studies find that the increase in wealth is far more than you would expect from couples simply co-mingling their assets.
The findings appear in the current issue of the Journal of Sociology.
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