Over the years, common myths have developed surrounding divorce. This includes the idea that assets have a big impact on the volatility of divorce itself.
Specifically, people sometimes believe that those with more assets will actually have a more volatile divorce. But how true is this?
Business Insider discusses the impact of assets on the level of volatility in divorce fights. Assets do have a major impact on the way a divorce will turn out and can often bring out the ugliest side of people.
However, studies show that people with a large amount of wealth actually tend to opt for amicable divorce compared to other couples. Those with a net worth of over $5 million will often only get into disputes if it is over things like social standing.
On the other hand, couples with a net worth between $1 and $5 million tend to fight quite a bit. Some speculation believes that this is because they have enough money to live a comfortable lifestyle, but do not make enough to keep that lifestyle if the divorce goes very poorly for them. Thus, they will fight tooth and nail to keep as much as possible.
Divorces between couples with a net worth of lower than $1 million also tend to fight over financial insecurity, but it is often due to a fear of falling into poverty rather than keeping hold of an overly-comfortable lifestyle.
Thus, in many ways, assets do have an impact on how a divorce turns out and the volatility therein.