Financial results of divorce often hit women hard
On behalf of Stange Law Firm, PC posted in divorce on Wednesday, August 16, 2017. Many factors influence the financial outcomes for Missouri women after a divorce. Societal factors like pay gaps between men and women and traditional gender roles contribute to lower incomes for divorced women. Taking too long to create a post-divorce budget also diminishes the financial futures of some women. A divorce often results in a drop in income. The Bureau of Labor Statistics calculated that earnings for married women exceed earnings for other women by roughly 20 percent. Divorce erases this advantage. According to the U.S.