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Some people just want to move out because they've had it, but I think they need to take a beat and think about that.

Because depending on who may be paying the mortgage during the divorce proceedings or if you move out before you even file,

then there may be some ramifications to your claim on that domain.

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Hey everyone, I'm Jean Chatsky. Thank you so much for being with us today on her money, on our show, on every single show that we produce.

Actually, we talk about the complicated relationships that women have with money.

They are complicated in how we earn it, how we spend it, invest it, save it, and those relationships get even more complicated when our personal relationships,

specifically our marriages come to an end or hit the skids.

Statistically, we know that divorce is really hard on a woman's finances.

According to a report from the US government accountability office, women's household income drops by an average of 41% after a divorce.

And while there are many different reasons for this, a lot of it goes back to women earning less than men to start with and women not insisting on taking a share, their share of their partner's retirement accounts in a divorce,

which can leave them less prepared for the future. And as a result, nearly a third of newly divorced women say that they are struggling to make ends meet.

And with women living in estimated five years longer than men at that point, that dip in income, it can have some really serious long term consequences.

In 2022, about 44% of all marriages are expected to end in divorce. That rate always sort of hovers somewhere between 40 and 50%, depending on the year.

It's actually been dropping a bit, which having been divorced, I think is really good news.

But we're also seeing that the rates of gray divorce are higher than they've ever been. Since 1990, we've seen a doubling of the rate of divorce for people over 50, a tripling of divorce rates for people 65 and over divorce is never easy.

I went through it. As I said, I've talked about it on this show many, many times, even when it's something that we want, it is not easy and it is not fun.

And according to a Stanford University study, women actually initiate about 70% of all divorces. I had not heard that one before that was a little surprising to me.

If you're going through a divorce or a separation, I just want to say that your her money family is here for you. We are here for you every step of the way.

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