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Wealth and Divorce.

Alexandra Killewald1, Angela Lee2, Paula England3

  • 1Department of Sociology, Harvard University, Cambridge, MA, USA.

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|January 20, 2023
PubMed
Summary
This summary is machine-generated.

Wealthier couples face lower divorce risk in the U.S. Financial stability, particularly at lower wealth levels, significantly reduces marital dissolution risk. Owning assets like homes also appears to strengthen marriages.

Keywords:
DivorceWealth

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Area of Science:

  • Sociology
  • Economics
  • Family Studies

Background:

  • Marital dissolution is a significant social issue with economic implications.
  • Previous research suggests socioeconomic factors influence divorce risk, but the specific role of wealth requires further clarification.

Purpose of the Study:

  • To investigate the relationship between wealth and divorce risk in the United States.
  • To examine whether the stabilizing effect of wealth is more pronounced at lower wealth levels.
  • To explore the relative contributions of material and symbolic resources to marital stability.

Main Methods:

  • Statistical analysis of survey data on wealth, marital status, and demographic factors.
  • Regression analysis controlling for a comprehensive set of covariates.
  • Examination of the impact of specific assets (homes, vehicles) on divorce risk.

Main Results:

  • A significant negative association exists between wealth and divorce risk, independent of other factors.
  • The impact of wealth on reducing divorce risk is greatest at lower positive wealth levels.
  • Ownership of physical assets like homes and vehicles is linked to lower divorce risk, supporting the symbolic perspective.

Conclusions:

  • Wealth acts as a significant buffer against marital dissolution.
  • Targeted financial support for low-wealth couples may be an effective strategy for promoting marital stability.
  • Symbolic aspects of wealth, such as asset ownership, play a crucial role in marriage.