Couples are more likely to divorce amicably if they're worth $5 million or more, says a divorce attorney

Business Insider | 8/19/2018 | Hillary Hoffower
leeann77 (Posted by) Level 3
Click For Photo:

Rich American couples who have about $5 million are more likely to have an amicable divorce, says one divorce lawyer.

That's in contrast to upper middle class couples worth between $1 million and $5 million, who tend to fight more under the strain of socioeconomic pressures.

Insight - Writer - Lauren - Vinopal - Exploration

This insight comes from writer Lauren Vinopal's exploration on Fatherly of why the upper middle class— dubbed "the fighting class" — fights the most about money.

Couples fighting about money is nothing new. Financial problems are at the root of many divorces ... and that may be particularly so if the couple has a net worth of less than $5 million.

Threshold - People - Divorce - Divorce - Attorney

That's the magic threshold for rich people to have an amicable divorce, divorce attorney Randall Kessler told writer Lauren Vinopal in an article on Fatherly. That's because, according to Kessler, money still matters under $5 million, and it's worth fighting about. "If you have less than $5 million you're not set for life. Less than $5 million, you're not secure no matter who you are," Kessler told her.

This is insight from Kessler's experience, not data based on a large-scale study. Still, Kessler's observations align with Vinopal's analysis of why the upper middle class is dubbed "the fighting class."

Line - Money - People - Money - Wealth

"There is a thick line between those who are wealthy enough to not fight over money and people who have money, but not substantial wealth," writes Vinopal. "The very wealthy fight less and often through proxies. The nearly wealthy fight directly and fiercely to maintain a more tenuous position in the social order. To be almost rich is to be part of America's fighting class, a group that — despite profound privilege — seem particularly prone to serious family conflict."

"That nervousness hangs...
(Excerpt) Read more at: Business Insider
Wake Up To Breaking News!
Sign In or Register to comment.

Welcome to Long Room!

Where The World Finds Its News!