Divorce has a lasting, negative impact on finances that, in heterosexual divorces, affects women the most. It makes sense that overall wealth decreases and individual spending increases when spouses separate, as they no longer make savings from shared expenses (splitting up previously shared insurance plans is a simple example)–but there’s more to the story. Kennedy is not alone in her experience of significant financial losses following a divorce. “I felt like I was being punished for filing for divorce,” she told us.
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