Financial Disadvantages for Women after Divorce

Essay from the year 2018 in the subject Economics - Finance, grade: 1.7, , language: English, abstract: Many divorced women face more financial difficulties than men. Often, women are making some lifestyle changes in order to supplement and secure their incomes after a divorce. Some may decide to work long hours or take a second job after divorce. Those who may not have had jobs before the divorce are likely to get one.Many divorced women experience some difficulties in getting employment, or remain trapped in low-wage jobs, and could end up doing two jobs in order to survive. While women experience a decline in their financial status after a divorce, it is evident that there is more to financial well-being than just financial income. Most women who experience financial decline are likely to feel poor; therefore, it is important to consider the factors that could mitigate the financial outcomes if the divorced women are to be assisted.