WORCESTER 508-471-3018
Metro West 508-709-0024

More women than men make smart money choices following divorce

According to a new survey, 75 percent of divorced individuals who are retirement age do not know enough about how to manage their money. However, women appear to be doing better than men in this area following divorce in the state of Massachusetts and elsewhere. These findings come from the American Institute of CPAs.

In particular, women are two times as likely to pursue jobs and increase the amount of money they save toward retirement compared to men. In addition, based on the survey, women have quadruple the likelihood of improving their spending habits when compared to men. Furthermore, women have a 14-times-greater chance of actively pursuing financial advice following divorce. Still, the spending habits of both women and men were found to be likely to deteriorate after a marital split-up.

When a couple gets divorced late in life, it is likely that one of the spouses primarily handled the family finances. This means the other party does not have an accurate idea of what the family's finances look like, which includes how much money is saved for retirement. This other party may therefore be at a disadvantage when splitting assets during divorce.

Making the wrong financial decisions during divorce can unfortunately be costly from a financial point of view down the road. This is especially detrimental to older couples since they do not have as much time to recover from the financial setbacks that often take place following the dissolution of a marriage. Successfully fighting for one's best interests financially is possible with the guidance of an attorney in the state of Massachusetts.

Source:, "Women are more likely to take positive financial steps after a divorce", Michael Cohn, Feb. 9, 2017

No Comments

Leave a comment
Comment Information
Email Our Team

Contact Us Today To Learn More

The skilled attorneys at SederLaw stand ready to handle even your most difficult legal issues. Turn to us for skilled representation to help you accomplish your legal goals.

Bold labels are required.

Contact Information

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.


Privacy Policy

An Impressive Track Record
Of Achievement In The Law


Worcester Office
339 Main Street
Suite 300
Burnside Building
Worcester, MA 01608

Phone: 508-709-0024
Phone: 508-471-3018
Fax: 508-831-0955
Map & Directions

Metro West Office
1900 West Park Drive
Suite 280
Westborough, MA 01581

Phone: 508-471-3018
Fax: 508-831-0955
Map & Directions