Margaret Gettle Washburn, P.C.
(770) 676-1191
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Post-divorce financial concerns for women

When Georgia couples get divorced, chances are that ex-wives will have a harder time than ex-husbands when trying to adjust to their financial lifestyles. According to data compiled by the United States Bureau of Labor Statistics in 2013, the median salaries of divorced women tend to be 20 percent lower than those of married women. Even though women continue to earn less than their male counterparts, married women earn nearly 10 percent more than single men.

For all the talk about how much American society has progressed in terms of gender equality, there is a certain dynamic that favors married women and married couples in general. To this effect, it helps to consider the following information reported by the U.S. Government Accountability Office: after a divorce, women tend to experience a 41 percent decrease of their overall household income while their ex-husbands only suffer by 20 percent.

Income inequality is only one factor affecting divorced women; there is also the traditional role that husbands take on not only as main breadwinners but also money managers. Husbands are more likely than their spouses to show ambition when looking for high-paying jobs; they are also more likely to take the reins of paying the bills while their wives seek part-time jobs for extra cash.

Women who are going through a dissolution of marriage should not feel dismayed by the aforementioned statistics. They can start by exploring their legal options in relation to alimony and child support; however, they should also keep in mind that these court-ordered payments are not forever. Career advancement and efficient money management should be priorities in the minds of all ex-wives. With help from an attorney, a woman can properly plan for the drastic financial change felt after divorce.

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Margaret Gettle Washburn, P.C.
4799 Sugarloaf Pkwy
Building J
Lawrenceville, GA 30044

Phone: 770-676-1191
Fax: 770-963-2828
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