In considering the above-posed headline for today’s blog post, it is easy to see how a slippery slope can quickly emerge when queries focused on just about any subject matter — and certainly on money — inject a gender-based element.
Indeed, it is certainly the case that many men and women think quite similarly about assets, income, earnings and other factors relevant to finances both during and after divorce. Unquestionably, in many instances there is no material difference whatsoever in their mindsets and thought processes regarding such a topic.
Still, and as regards money management and financial planning following divorce, some wealth professionals say that women (generally speaking, as a group, with all disclaimers, etc.) seem to be more focused than men on crafting long-term strategies and making sound financial decisions.
In fact, notes a recently published survey by the American Institute of CPAs, divorced women far outpace divorced males when it comes to increasing their savings following a dissolved marriage.
And not only that, stresses Accounting Today in its recent summary of the survey. The publication points out that women are “nearly four times more likely than men to improve their spending habits” following divorce, as well as “14 times more likely than men to actively seek out financial advice.”
Although the findings are certainly interesting, they do not obscure the fact that most divorcing parties — without regard to gender — can benefit from upping their financial focus, acumen and application during the divorce process and in the years after a dissolution.
Indeed, financial considerations loom large in most divorces, for both women and men. An experienced divorce attorney can help address them.