Divorce imposes emotional and financial turmoil, particularly affecting men who often serve as primary breadwinners. They typically shoulder the majority of alimony and child support obligations, as evidenced by 90% of child support payments being made by fathers. This financial strain often leads to hardship for both parties, with nearly 30% of divorced mothers with children plunging into poverty. Seeking professional help, such as a CPA or financial advisor, can provide necessary guidance and strategic planning for recovery post-divorce.
Divorce often results in major financial strain, particularly for men, who typically bear the brunt of alimony and child support payments, affecting both parties significantly.
Nearly 30% of divorced women with children fall into poverty, highlighting the financial risks that come with the end of a marriage.
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