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I'm not American :) The UK and Australia both have this problem. I think it's less to do with the actual costs of the divorce, and more about converting one ho
by marcus_holmes 6y ago
I'm not American :) The UK and Australia both have this problem.
I think it's less to do with the actual costs of the divorce, and more about converting one household into two. All the equity in the house gets split up, which usually gives a decent deposit for another house for each partner, but nowhere near enough to pay off the whole mortgage. Each partner needs enough rooms to host the kids during their shared custody, so a family of 4 goes from needing a single 3-bed house to needing two 3-bed houses. They need two cars, instead of being able to survive on one. If one of the partners gave up their career for the kids then there's alimony to pay. And so on. The legal bills are like icing on the cake.
- Viliam1234 6y agoLuckily I observe this from the perspective of having a happy marriage, which happens to be incredibly frugal compared to two single people living alone. A house for two people who enjoy being together does not need to be larger than a house for one person; although you need a larger house when you have kids. Of many objects you only need one piece, because you are not using them all the time. Cooking is cheap; it requires time, but if you spend that time talking, you don't really mind. Minus those expenses you had in the past simply because you felt alone or bored. The expenses of two people living together are almost the same as of one person living alone. The extra expenses are mostly for the kids (including the mortgage for the larger house). Which means that if one person has a good salary, the other can "early retire" immediately. Or if both have good salaries, they can save half of the income, and perhaps retire as soon as the kids become independent. A divorce throws all of this out of the window.