Divorce is Bad For Your Bank Account

Well, let’s be honest, no major surprise here, but new research has revealed just how divorce can adversely affect one’s bank account.

The joint research conducted by the Australian Institute of Family Studies (AIFS), the Australian National University and the University of Queensland involved almost 7700 households from 2001 to 2010.

With divorced single men having $762,000 less in assets at age 55 than those who have stayed married, and divorced single women having about $645,000 less than women who have stayed married, the research shows a bleak financial outlook for divorcees.