Menu
The Siemon Law Firm
Honest Answers.
866-497-5134
View Practice Areas

Pew report on the economics of divorce

Women exiting a marriage are doing better financially than in previous years, according to a report recently released by a national research firm. In an era that -- to some -- might not seem that long ago, women had collectively few job skills or higher education and consequently were left to take low-paying jobs after a divorce, along with the stigma of divorce that society placed upon them. Raising children, many times with no child support, further depleted any resources they had.

That is far less the case these days. According to Pew, a Washington, D.C., research firm that works to keep a pulse on changing trends of society, many more women are now choosing challenging and lucrative careers, with the income gap between men and women being narrowed.

Added to that, more women are educated and financially secure during and after a marriage. Many times, following a divorce, men are ordered by the courts to pay child support or alimony, which helps an ex-wife continue to go to school or build a career.

With women less dependent on men to be the sole breadwinner in a relationship, they are seeking goals and careers that make them happy. However, the same can't be said about men overall. Many of them are seeing incomes reduced because of added financial responsibilities. In a tough economy, the loss of a job typically held by a man could be financially devastating, after already losing the wife's income and paying alimony or child support.

The report states that, despite positive news for many women, 60 percent of single moms still live in financial insecurity, with Hispanic and African-American women listed with the lowest incomes. A separate study also revealed that 84 percent of women who have divorced remain insecure about setting specific financial goals.

Source: Business Insider, "It's getting easier for women to bounce back after divorce" Jill Krasny, Jan. 11, 2012

No Comments

Leave a comment
Comment Information
Contact our Georgia Family Law Firm by calling 866-497-5134 or by completing this contact form. An attorney will respond within 24 business hours.

Bold labels are required.

Contact Information
disclaimer.

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.

close

Privacy Policy

The Siemon Law Firm
347 Dahlonega Street, Building 100
Cumming, GA 30040
Phone: 770-888-5120
Fax: 770-521-4317
Cumming Law Office Map

The Siemon Law Firm
4555 Mansell Road, Suite 300
Alpharetta, GA 30022
Phone: 770-521-4316
Fax: 770-521-4317
Alpharetta Law Office Map

The Siemon Law Firm
3400 Peachtree Rd NE, Suite 555
Atlanta, GA 30326
Phone: 770-888-5078
Fax: 770-521-4317
Atlanta Law Office Map