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Do the wealthy fight over assets more?

On Behalf of | Sep 30, 2022 | divorce | 0 comments

When people get into a divorce, they often fight over assets. According to popular rumor, people who have more assets to fight over will usually experience more intense or even vicious battles.

But just how true is that? Is this just something that got blown out of proportion, or is it actually legitimate?

Highest wealth reduces friction

Business Insider states that the very wealthy actually fight over assets less. However, this largely includes couples with a net worth of over $5 million. Speculation states that they have less financial insecurity than couples in other net worth brackets. At this point, many people consider themselves “set for life”.

This means they do not feel the need to fight with a spouse over what share of assets they get, unless it is egregiously unequal or a large business is thrown into the mix. In fact, most couples in this wealth bracket will fight over intangible things like social standing in the aftermath of the divorce.

Financial insecurity leads to arguments

However, couples who average $1 to $5 million in net worth tend to fight quite a lot. In fact, they gained the moniker “the fighting class” due to the large amount of vicious squabbling over money they do.

This is because they still have financial insecurities, and on top of that, they have a lot to lose. Fear of losing their current style of life will often spur violent battles that can wage through the court system for months.

So depending on how much a person makes or how wealthy they really are, they may or may not fight more viciously.