More money means more divorce

GDP divorce rates

 

This week I was on China Central Television, the largest broadcast in the world, talking about global divorce trends (true confession: I had to google it before I spoke with authority to 1 billion people globally).

As I share in the clip, there is a direct correlation between affluence and divorce. The wealthier a country is, the higher the divorce rate. The more economy opportunity for women, the more frequently they file for divorce. The lower unemployment rate, the higher the divorce rate.

Bottom line: The more money people have, the more they can afford to leave unhappy unions. The more money women in a society have, the more likely they are the ones to initiate divorce.

As we close the pay gap, what does this mean for marriage, divorce and family?

 

 

Emma Johnson

Emma Johnson is a veteran money journalist, noted blogger, bestselling author and an host of the award-winning podcast, Like a Mother with Emma Johnson. A former Associated Press Financial Wire reporter and MSN Money columnist, Emma has written for the New York Times, Wall Street Journal, Forbes, Glamour, Oprah.com, U.S. News, Parenting, USA Today and others. Her #1 bestseller, The Kickass Single Mom (Penguin), was named to the New York Post’s ‘Must Read” list.

Emma regularly comments on issues of modern families, gender equality, divorce, sex and motherhood for outlets like CNN, Headline News, New York Times, Wall Street Journal, Fox & Friends, CNBC, NPR, TIME, MONEY, O, The Oprah Magazine and The Doctors. She was named Parents magazine’s “Best of the Web,” “Top 15 Personal Finance Podcasts” by U.S. News, and a “Most Eligible New Yorker” by New York Observer.

A popular speaker, Emma presented at the United Nations Summit for Gender Equality. Read more about Emma here.

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