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AMP Report On The Cost Of Divorce

Divorce has a major impact on the lives of everyone involved – the husband, the wife and any children. This impact can have serious emotional and psychological consequences, especially on children.
In addition to these emotional and psychological aspects, the economic consequences can be particularly significant, especially if children are involved. Some estimates suggest that marriage breakdown costs the nation up to $6 billion each year.
In 2003, there were 53,100 divorces. The median age of divorce for men was 42.6 years and 39.9 years for women. The median time from marriage to separation was 8.7 years and 12.2 years from marriage to divorce. Half of all divorces involve dependent children.
In this issue of the AMP.NATSEM Income and Wealth Report, we examine how couples are financially impacted by divorce.
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