Divorce Destroys Wealth

“Study Finds That Marriage Builds Wealth.” So says an article I found today on Yahoo! News.

Unfortunately, the corrollary is that divorce destroys wealth:

Marrying for money, it turns out, works. A study by an Ohio State University researcher shows that a person who marries — and stays married — accumulates nearly twice as much personal wealth as a person who is single or divorced.

And for those who divorce, it’s a bit more expensive than giving up half of everything they own. They lose, on average, three-fourths of their personal net worth.

“Getting married for a few years and then getting divorced is clearly not the path to financial independence…”

Boy, oh boy, ain’t it true!