Divorce is expensive and further aggravates Tennesseans’ finance worries on top of their emotional stress. According to Maryland sociologist Liana Sayer, divorcing Americans on average need to increase their income by 30% after their divorce to manage the same standard of living that they had before they divorced. This means if your annual salary is $15,000, which is the same as the rate of the minimum wage in Tennessee, before your divorce, you will need to earn an additional $4,500 per year if you want to maintain your way of living even after your divorce.

Tennessee’s women bear the brunt of the financial effects of divorce

As with other American women, it is the female Tennessean divorcees who suffer heavier financial consequences than their male counterparts. Social scientist Richard Peterson says that the standard of living worsens for women after divorce by as much as 27% on average. He attributed that to the gender pay gap.

In Tennessee, the gender pay gap is considerably higher as women only earn $81 for every $100 that men make, or a difference of $8,000 per year, according to the organization National Partnership for Women and Families. That amount of pay gap is equivalent to the cost of 14 months of child care. Therefore, even their children are affected.

Due to this pay gap, it is unsurprising that Tennessean women will fall into poverty as a result of divorce as 1 in 5 American women divorcees experience. In fact, 32 percent of Tennessee households where a woman is a breadwinner lives below the national poverty line.

The financial burden is most substantial within the first year of the divorce. Women may be unable to pay for their health insurance premiums because they have to spend the money for their living expenses instead. They may even be evicted from their homes.

Public assistance is insufficient to cover a woman divorcee’s financial necessities after the dissolution of their marriage. It does not help that 3 out of 4 divorced American mothers don’t receive full payment despite child-support orders. The reasons for this is usually the inadequacy of their ex-husband’s income and the lack of willingness on the part of the latter to make consistent financial contributions.

The financial consequences of divorce on Tennessee’s children

Since the parent that the children would stay with will likely work full-time and work various odd jobs to make ends meet, the parent will have less time for their children. They spend less time on their children which results in the children being left unguided. Various researchers have shown how divorce is strongly linked with juvenile delinquency in children especially if children were under the age of 10. They drink alcohol, smoke, violate curfew, use illegal drugs, and shoplift, making them a liability in society.

Chronic strain in a divorcee’s finances also increases the risk of juvenile delinquency. If the divorcee does not have enough money to spend for their children’s extra-curricular activities such as sports, music lessons, drama, and summer camps, their children will find other unhealthy outlets to vent their frustration or boredom.

The children’s parent will have a hard time to support their studies, decreasing the chances that they will graduate from high school. 90% of Americans who didn’t graduate from high school only earn an average of $1,000 per week, compared to the same percentage of American high school graduates who earn a higher $1,400 per week.

Financial effects of divorce on Tennessee’s men

The economic effects of divorce on men are generally more modest on men. Some even reporting a 10% increase in income after divorce, which makes the financial effects unduly negative for women. If you were the breadwinner of your previous family, it is likely that you can overcome your financial problems more quickly than your ex-wife will. This is unless you have a money-draining vice such as gambling addiction or alcoholism.

However, in cases where the ex-spouse had a more significant income compared to the man, the man can experience as much as a 40% decrease in the quality of living because of the income loss. For fathers who have custody over their children yet are poorer than their former wives, the effect on their wallets can be devastating.

Divorcees in Tennessee can talk with Shepherd and Associates

The financial ramifications of divorce are serious for your children’s future. Even after your divorce, you still have financial obligations to your children. If you are someone who is at the crossroads of divorce, Shepherd and Associates can discuss with you the legal options that can help mitigate the divorce’s expected financial impacts on you and your family. Shepherd and Associates can be of practical assistance in mediation and child support negotiations – get in touch today to see how we can help.



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