The financial impact of divorce extends beyond emotional strain, with a recent study by the Federal Reserve Bank of St. Louis shedding light on the economic consequences.
According to their research, men typically experience a 17% decrease in income post-divorce, compared to a 9% decline for women. This divergence in earnings suggests a gender disparity in financial outcomes following marital dissolution.
While the exact reasons for this gap remain unclear, the findings underscore the importance of understanding and addressing the economic challenges faced by individuals navigating divorce. These insights serve as a reminder of the need for equitable support structures during life transitions.