Can financial issues cause divorce?
Can financial issues cause divorce?
KUALA LUMPUR: Nearly half of the marriages which end in divorce in Malaysia break down due to financial problems. Deputy Women, Family and Community Development Minister Hannah Yeoh said, on a yearly basis, financial issues come up tops as the reason marriages end in divorce.
How do marriages deal with financial issues?
The solution is to talk about spending and debt without shame and to reveal any hidden debt to your partner immediately. Then, work out a debt reduction plan alone or with a financial planner. That way, you'll be able to pay it off and improve your financial picture together.
How many divorces are caused by financial problems?
If this sounds familiar, beware: At least two studies show that this could lead to divorce. Data released Wednesday by financial firm TD Ameritrade found that 41% of divorced Gen Xers and 29% of Boomers say they ended their marriage due to disagreements about money.
Can money ruin a marriage?
Once the bills are covered, each spouse can spend what they have left as they see fit. And it can lead to such relationship-ruining behavior as financial infidelity, when one spouse hides money from the other.
