Many people hold firm to the belief that women have it easier than men when it comes to the end of a marriage. The assumption is that women in Arizona walk away from divorce receiving child support and alimony, while men foot the bill for those payments. In reality, however, women are often in a far less secure financial position after a divorce than they were before becoming married or while living in the marriage.
Statistics demonstrate that women see their earnings decline nearly 20 percent after they go through a divorce. Men, on the other hand, enjoy an increase of more than 30 percent once the marriage has ended. In addition, women who are separated are more than three times as likely to fall below the poverty level than men who are separated.
This set of circumstances is often due to the fact that women remain the primary caretakers of children and the family home. This is true even for those who have received an education and have enjoyed success within their field of employment. When a couple decides to settle down and start a family, the woman is still the party most likely to set aside her career goals and focus on the needs of the family. When such a marriage ends, those women are often at a disadvantage when it comes to re-entering the workforce.
These statistics underscore the importance of making wise financial decisions during and after an Arizona divorce. Women who have taken time off from working will need to address their financial needs and create a property division approach that will support those needs. While gender issues continue to improve in our nation, there are still areas where equality remains elusive. Divorce is an example of one of those areas.
Source: theatlantic.com, "The Divorce Gap", Darlena Cunha, April 28, 2016