It is true that money isn’t everything, but almost everyone would agree that being wealthy is nice. Being able to buy nice, expensive things can certainly make life easier and more enjoyable for a lot of people, and wealthy, high-net worth individuals always tend to host the best events. One of the more popular ways to show off affluence is by having an extravagant wedding, but a recent study indicates that and expensive wedding does not necessarily mean happily ever after.
According to researchers at Emory university in Georgia, people who spend more than $20,000 on their wedding are nearly half as likely to divorce than those who spend a more modest $5,000 or $10,000. Those who spend $1,000 or less are actually 53 percent less likely to divorce, indicating that cheap weddings lead to longer relationships. However, this is not to say that having a small, intimate wedding is the best option, since those who invited two-hundred people or more to their wedding were 92 percent less likely to divorce than those who invited nobody else.
Strangely, the study offers even more conflicting data regarding monetary value in a marriage. Couples with an annual household income of $125,000 or more are actually 51 percent less likely to divorce than those who make less than $25,000, but couples who marry for wealth are nearly 20 percent more likely to divorce than those who do not place importance on wealth. The study seems to indicate that having wealth is good, but using it is dangerous.
For couples with high-assets, this is noteworthy data. Although all statistics should be taken with a grain of salt, it is worth considering that spending too much money on your wedding or marrying for money could contribute to a divorce in the long run. And of course with higher assets in a divorce comes higher stakes for both parties when it comes time for the assets to be divided. If you are a high-asset individual who may be going through divorce, consider meeting with an attorney who can help you receive a fair divorce settlement.