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Wedding debt may be linked to divorce

When people in New Jersey plan their weddings, they may not think about how to avoid divorce later down the line. However, it can be important for people to think about how to protect their marriage, even through the decisions that they make about their weddings. According to one study, around 45% of newly married couples went into debt to pay all of the costs associated with their weddings. However, this debt has led to further problems. Almost 50% of the study participants said that they considered divorce due to their debt.

On the other side, only 9% of the couples who were not carrying debt related to their weddings said that they had considered divorce due to their finances. Even those people in wedding debt who did not consider divorce often suffered worsened relationships as a result; 76% said that they had argued about wedding costs with their spouse-to-be. On the other hand, only 20% of those who avoided wedding debt had argued about costs for the ceremony.

There may be a number of reasons for these decisions. Some of the couples that avoided going into debt for their weddings may be very wealthy. As a result, finances may not be a significant source of tension in the relationship. On the other hand, couples who go into debt for their weddings may place a high level of pressure on presenting a perfect image to the world that does not match their reality. They may also be struggling with making ends meet overall, leading to greater tension.

Financial concerns can be some of the most significant issues for couples to consider when getting married or getting divorced. A family law attorney may provide advice and guidance on the financial implications of changes to a relationship, including property division and spousal support.