America has come a long way in the struggle for gender equality, and women enjoy more rights and a higher level of equality than ever before in our nation’s history. Even so, there are still persistent beliefs about how women fare during divorce, and how their interests are served throughout the divorce process. Many people still believe that women walk away from a Florida divorce in a better financial position than men. Statistics demonstrate that this is a misconception.
When a woman divorces, she can expect her earning potential to decrease by as much as 20 percent. Men, on the other hand, will see an increase of more than 30 percent in their income after their marriages end. Women who identify as separated are more than three times more likely to fall into the poverty category than men who identify as separated.
Social science suggests that this is not so much a matter of gender as it is of one’s position within the family. Women still provide the bulk of care for both the home and a couple’s children. In doing so, many will set aside their own career path to take on those domestic responsibilities. That leaves them at a marked disadvantage when it becomes time to re-enter the workforce.
When divorce is on the horizon, women in Florida and across the nation must ensure that they make wise financial decisions that will support their needs after the marriage has ended. This means making savvy property division choices, and ensuring that the assets that are pursued are a good fit for one’s financial needs. It also means looking at the long term rather than making decisions based on one’s current set of circumstances.
Source: theatlantic.com, “The Divorce Gap“, Darlena Cunha, April 28, 2016