The survey was conducted by 'One Finance Advisory Company' on 1,258 divorced individuals or those who had applied for divorce in Tier-I and Tier-II cities.
This survey stated that 29 percent of men found themselves in a negative net worth situation after paying alimony. According to the survey, 38% of men's annual income went towards maintenance. For divorce-related expenses, 19% of women spent more than 5 lakh rupees. Meanwhile, 49 percent of men also spent the same amount.
Keval Bhanushali, co-founder and CEO of One Finance, said that financial incompatibility between married men and women is a major cause of divorce. The cost of separation increases stress and leads to instability. Therefore, financial preparation is as important as emotional preparation.
Experts say that there should be an open discussion about money before marriage. Existing debts, future savings, responsibilities towards both parents, income uncertainty, and lifestyle expectations should be decided beforehand. This maintains transparency in the relationship and can prevent future disputes.
67% admitted to arguing about money In the survey, 67 percent of people admitted that they often argued about money during their marriage. 43 percent said that financial disputes or inequality were the direct cause of their divorce. At the time of marriage, 56 percent of women earned less than their husbands. Only 2% of women earned more than their husbands.
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