Divorce Pays—If You’re Already Rich

Study shows most millionaire women fare better financially after the marriage is over

by Lesley Kennedy • MORE.com Reporter

Although you may feel down after a divorce, your finances may be looking up—if you’re a millionaire, that is.

A new study from the Spectrem Group, a strategic consulting firm, finds 62 percent of divorced women with a net worth of $1 million or more say their financial well-being is better since their marriage was dissolved, according to a news release. Most of these women say they are knowledgeable about investments—more so than their ex-husbands.

And, the Spectrem study shows, life post-divorce is happier for millionaire women, too, with 77 percent reporting that they are “much better off emotionally since the divorce,” the release notes.

On the other hand, 22 percent of recently divorced women overall reported living in poverty in 2009, U.S. Census Bureau data show. That’s twice the rate of men in the same financial state.

How do we become one of the 1 percent again?

Click here to read the full release.

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