Page 69 - Book11E

CHAPTER 7
Financial Decisions When Remarrying
Recent remarriage statistics from the National Center for Health show:
• 54 percent of divorced women remarry within 5 years
• 75 percent of divorced women remarry within 10 years
• if women were under the age of 25 at the time of their divorce, they were most likely to get remarried, with 81 percent getting remarried within 10 years
• if women were over 25 at the time of their divorce, they have a 68 percent chance of remarriage within 10 years
• women in the Southern states were more likely to remarry than other women
• statistics suggest that remarriage is more likely if there are no children present at the time of the divorce
• the probability of remarriage is lower in communities with very high unemployment, poverty and receipt of public assistance, and very low median family income
• the probability of remarriage is about 45 percent higher for non- metropolitan areas than for central cities
The decision to take another try at marriage is a big one. The financial problems that face second-marriage partners can include being less well off than they were the first time they married due to the cost of alimony and child support; being unevenly well off, i.e., one partner brings more money to the marriage than the other; and legal guidelines for financial responsibilities regarding parents and stepparents can
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