Reply to Is giving up making your own money a bad idea for ANY woman? (philosophical ponderings)

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Reply to "Is giving up making your own money a bad idea for ANY woman? (philosophical ponderings)"

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Personally, I think that a woman should always keep her foot in the door but because of the price of child care and the stress of being a working mom, some women feel the need to stay at home for their own sanity. Perhaps the bigger issue is how can we make motherhood and working compatible.[/quote]
Well said.[/quote]
+1, very good point. The labor force participation rate amongst mothers in the US is shockingly low compared to other developed countries. That's a problem when the courts aren't providing much for the stay at home partner (usually the woman) after a divorce. [/quote]

Division of marital assets and support depends a great deal on the length of the marriage.  It is still generally the case in marriages of twenty or more years duration, wherein the working spouse is very successful, that the non-working partner will be awarded at least half the assets, as well as generous child and spousal support based on the accustomed standard of living.  For some ex-spouses, that settlement will be more than enough to see them through a comfortable retirement (i.e., they are in no worse a position than if they had worked and saved for retirement themselves).[/quote]

Didn't work out this way for me.[/quote]

Then either your marriage was not one of sufficiently long duration (i.e., 20 or more years), OR, there was not enough financially at issue in terms of marital assets and current income (i.e., your ex-spouse was not a longtime, big earner).  If the marriage was not a long one, or the working spouse did not earn enough to support two households, then the non-working spouse will certainly be financially hurt by a divorce.  If, however, the marriage was a sufficiently long one, and the working spouse is a high earner, then the non-working spouse will likely be well compensated in a divorce.[/quote]

I believe most divorces occur within 5-10 years of getting married, not 20+.

And doesn't it vary by state? I remember hearing that if you get divorced in TX the court absolutely will not allow lifetime alimony no matter how long you were married. 
[/quote]

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