by Chris Palmer
Divorce can be devastating financially as incomes are split, property is sold at a loss and the financial burden of single parenting takes effect. For this reason, the financial toll must always be considered when couples are considering a divorce. According to a recent article on findings by the Census Bureau, a study over a period of 15 years showed that couples who remained married during that time built up nearly twice the net worth of people who remained single. Considering the visible toll on finances caused by divorce and the findings by the Census Bureau, a stark picture is painted for those that end their marriages. Of course, situations differ among couples and a thorough evaluation of your finances is a critical component in understanding the pros and cons of divorce and reconciliation.
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